1 billion revenue companies

Tien said that there are still not enough conditions to promote the law effectively, saying though the linking transactions were controlled in the law of tax administration, there was no content defining the basis for determining the associated transactions in the Law on Corporate Income Tax, which was a basis for calculating the income of the enterprise. … [Read more...] about Guiding decrees needed to fight with transfer pricing in Vietnam

In general, the province has received particular praise for its workforce training, the safety of its legal institutions, and the pioneering role of local governance, all of which are drawing attention from long-term investors. This explains why local and global giants, especially Europe and America, are keen on the province. One of the outstanding success stories is Piaggio which has two plants in the province. The other is De Heus, a high-quality European animal feed producer, one of the five largest animal feed manufacturers in Vietnam that is making extensive contributions to the agricultural development of not only Vinh Phuc but the whole country. … [Read more...] about VIETNAM’S BUSINESS NEWS HEADLINES JULY 7

Giau highlighted the message from the President of the ASEAN Inter-Parliamentary Assembly (AIPA) 2020 Nguyen Thi Kim Ngan in her letter sent to heads of AIPA members on March 30, which called on AIPA member states to be more active in partnering with governments in their fight against COVID-19 through upholding the role of parliaments and issuing measures and policies in that regard. … [Read more...] about Latest Coronavirus News in Vietnam & Southeast Asia on April 22

Binh said at a meeting on subsidies to public buses last year that the support is intended to help expand the number of buses and improve service quality to attract more passengers, which in turn will bring in more revenue and eventually have the system stand on its own feet, VnExpress reported. … [Read more...] about Public buses in Ho Chi Minh City on verge of shutdown as operators deep in debt

The biggest problem is how to supervise the money flows between local individual advertisers and overseas suppliers. Accordingly, as they perform transactions via personal credit cards, the people did not have to pay any tax for the suppliers until now, resulting in great amounts of lost tax revenue for the state for years. … [Read more...] about Bank accounts of local advertisers to be drained for Facebook and Google tax arrears