Tax authorities said they would review the roadmap of taxation collection and pilot tax withholding at some e-commerce sites. A new circular released by the Vietnamese Ministry of Finance has been criticized for affecting the operation of e-commerce platforms and their hundreds of thousands of sellers. Under Circular No. 40, which will take effect on August 1, e-commerce platforms are required to declare and pay tax on behalf of third-party sellers on the platforms. Sendo said the application of the Circular will require a team of tax professionals to classify taxable revenue and tax rates applied. Photo: Grab The circular on value-added tax, personal income tax, and tax administration for business households and individuals are expected to collect tax from some people who obtain income on electronic commerce platforms but for years have not paid taxes. The tax authorities have asked e-commerce and delivery companies to take responsibility for the tax … [Read more...] about Would withholding tax on e-commerce be possible?
Back injury lawyer
Vietnam records 1.35 billion USD trade deficit in first half of June Vietnam reported a trade deficit of 1.35 billion USD in the first half of June as exports reached only 12.3 billion USD – down nearly 2 billion USD compared to the latter half of May, the General Department of Customs has announced. Among items posting the strongest turnover decline included computers, electronics and parts with 1.06 billion USD, down 800 million USD; machinery and equipment with 1.1 billion USD, down 260 million USD; and telephones and components with 1.96 billion USD, down 50 million USD. Since the beginning of this year to mid-June, the nation’s trade value surpassed 288.6 billion USD. Of the sum, over 143.3 billion USD came from exports, up 30 percent year-on-year while the remainder of 145.3 billion USD was from imports, up 36 percent. That resulted in a trade deficit of 1.96 billion USD, the department said. According to trade experts, the above-mentioned trade deficit was … [Read more...] about VIETNAM BUSINESS NEWS JUNE 23
Doctors at the City International Hospital perform a surgery on a 35-year-old man for lumbar disc herniation. — Photo Courtesy of the hospital Gia Lộc HCM CITY — A 35-year-old patient was hospitalised at the City International Hospital in HCM City with severe lower back pain that radiated to his left leg and difficulty moving around. Doctors diagnosed the patient as suffering from lumbar disc herniation (LDH), a common disorder among adults with degenerated lumbar intervertical discs, and prescribed surgery. Dr Lê Trọng Nghĩa of the hospital’s Department of Neurological Surgery said a 90-minute microsurgery, which combines magnification with advanced diploscopes, specialised precision tools and various operating techniques, was performed to remove the herniated portion of the lumbar disc that was putting pressure on a spinal nerve root. This method is common around the world and in Việt Nam, … [Read more...] about More and more young people suffer from lumbar disc herniation
The MoIT conducted the end-of-term review of anti-dumping measures against galvanised steel products imported from China and the RoK. — Photo bnews.vn The Trade Remedies Authority under the Ministry of Industry and Trade (MoIT) said that it had sent questionnaires on end-of-term review of anti-dumping measures against imported galvanised steel products originating from China and the Republic of Korea (RoK) to all foreign steel producers and exporters. Earlier, on June 4, the MoIT decided to conduct the end-of-term review of anti-dumping measures against galvanised steel products imported from China and the RoK. On March 30, 2017, the ministry issued a decision on the application of official anti-dumping measures on imported galvanised steel products in five years from April 14, 2017 to April 13, 2022. According to the Law on Foreign Trade Management and Decree 10/2018/ND-CP, for the end-of-term review, the investigation authority will comprehensively assess the possibility of … [Read more...] about MoIT asks for co-operation in anti-dumping investigation on imported steel products