Legal Update

Tax inspections within 5 years for foreign retail businesses

Tax inspections within 5 years for foreign retail businesses

VCN- The Deputy Director General of the General Department of Taxation, Mr. Cao Anh Tuan has just signed a document requesting the Taxation Department of provinces and centrally-run cities to...

Do not exclude personal liability for wrongful acts of bad debt

Do not exclude personal liability for wrongful acts of bad debt

Mechanisms, policies and legislation on the handling of bad debts have not been finalized, legal provisions on the disposal of security property to recover much debt are still inadequate, so...

 
Rights of creditors are being ignored

Rights of creditors are being ignored

The creditors’ rights and ability to recover debt (credit institutions) are being ignored, notably the collateral recovery that caused doubtful debt. This is a shortcoming that credit institutions really want...

Vietnam should restrict tax exemption and reduction

Vietnam should restrict tax exemption and reduction

On May 18, 2017 in Hanoi, Oxfam published the list of 15 "tax haven". Mr. Francis Weygiz, Senior Advisor on Taxation of Oxfam said that Vietnam should restrict the application...

 
Necessary to expand electronic invoices

Necessary to expand electronic invoices

It is expected that from 2018 to 2020, the Taxation will expand the electronic invoices for all taxpayers including businesses and individuals. With nearly 100% of businesses now applying online...

Urge to collect tax debts

Urge to collect tax debts

Besides, effectively implementing management solutions and urge to collect of tax debts, the taxation always focuses on the inspection and audit, contributing to reduce the tax debt and increase revenue...

 
Tax debts can be paid gradually if they are guaranteed by credit institution

Tax debts can be paid gradually if they are guaranteed by credit institution

If a business of tax debt is enforced but it cannot afford to pay the debt at once and propose to pay gradually, the tax debt will be paid within...

The Minister of Finance directly removes difficulties of enterprises

The Minister of Finance directly removes difficulties of enterprises

Speaking at the Prime Minister's meeting with enterprises on 17th May 2017, the Minister of Finance, Mr. Dinh Tien Dung reported the results in supporting enterprises and directly answered the...

 
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