At the event (Photo: Internet) HCM City (VNA) – Tai Viet JSC – Vietstock and finance and life newswire Fili.vn on August 9 announced and honoured a list of listed companies with the best investor relations. The IR Awards 2019, in their ninth year now, seek to raise awareness among listed companies to improve the transparency and efficiency of corporate governance and contribute to an open, transparent and effective Vietnamese securities market. Among 713 surveyed companies, 259 were transparent in information disclosure on both Ho Chi Minh City and Hanoi stock exchanges. Forty five of them were shortlisted and divided into large-cap, mid-cap and small & micro cap categories. Accordingly, the top listed companies with the best IR voted by investors and financial institutions include Sai Gon Thuong Tin Commercial Bank (Sacombank), Netland Real Estate JSC, The Gioi Di Dong (Mobile World), Vingroup and Duc Thanh Wood Processing JSC, among others. Last … [Read more...] about Listed companies with best investor relations for 2019 announced
Best irs tax relief firms
The Hanoi Department of Taxation has released a list of companies owing VND528 billion (USD22.9 million) in taxes. The Hanoi Department of Taxation has released a list of companies owing VND528 billion (USD22.9 million) in taxes The list includes several major real estate enterprises. Among those, Song Da 9.06 Joint Stock Company owed VND40 billion (USD1.73 million) by late Many. It is followed by Bac Ha Urban Construction Investment Joint Stock Company, Hoang Gia Invest, Viglacera Consulting Company and Architecture and Construction Company 1 with the debts of VND17 billion, VND2.9 billion and VND1.8 billion respectively. Hanoi People’s Committee has set up a task force to recover the debts related to taxes and land rental. Nguyen Doan Toan, vice chairman of the committee, and Mai Son, head of the Hanoi Taxation Department will participate in the taskforce. … [Read more...] about Hanoi names and shames tax avoiding firms
Foreigners earning incomes from providing services in Vietnam, what are their tax liabilities? Income earned by foreigners from rendering services in Vietnam is taxed in Vietnam regardless of their residence status. However, the tax implications are different depending on various factors that are specified in this article to help the foreigners to comply with the tax regulations in Vietnam as well as mitigate the risks of additional tax, penalties and interests on late tax payment. Regulation on residence status in Vietnam According to the current tax regulation, an individual is regarded as a Vietnamese tax resident if: Being present in Vietnam for a period of 183 days or more within one western calendar year or 12 consecutive months from the date of first arrival in Vietnam; or Having a registered place of “permanent residence” in Vietnam; or Having a rented house (including hotels, guesthouses, motels, offices) with a lease term of 183 days or more in a tax year. In … [Read more...] about Foreigners earning incomes from providing services in Vietnam, what are their tax liabilities?
The Hanoitimes - The Ministry of Industry and Trade (MoIT) is scrutinizing a plan to exempt special consumption tax on locally produced auto parts in a move to promote domestic auto manufacturing and build up a supply chain for the industry. Thaco has the highest rate of locally produced auto parts, at 15-18 percent Under a report sent to National Assembly (NA) deputies recently, the ministry said that it will submit the proposal on revising the special consumption tax rate imposed on vehicles with a high localization rate (measuring the use of locally produced parts) to NA for approval. The ministry expects the incentive policy will encourage domestic automakers including Truong Hai Auto Corporation (Thaco), Thanh Cong Group and VinFast to promote their projects. According to the ministry, it has so far also issued policies, such as Decree No.116/2017/ND-CP, to promote the local automobile manufacturing and related supporting industries. While Decree 116, which took effect … [Read more...] about Vietnam’s authorities consider tax relief to support local auto production
Addressing the Vietnam-Bulgaria Business Forum in Hanoi on September 18, the Bulgarian official hailed Vietnam as not only a traditional trading partner but also an important partner of Bulgaria in Southeast Asia. Bulgaria is willing to support the specific initiatives of the two sides’ enterprises, as well as strengthen exchanges and cooperation between Vietnamese and Bulgarian companies, in order to improve the trade and investment ties between the two countries, he said. Karanikolov affirmed the Bulgarian side’s readiness to facilitate Vietnam’s investment in the areas of information technology, agriculture, services, transport and tourism, while creating favourable conditions for Vietnamese firms to participate in Bulgaria’s industrial parks and high-tech parks. Vietnamese Deputy Minister of Industry and Trade, Cao Quoc Hung, addresses the forum. (Photo: VOV) Vietnamese Deputy Minister of Industry and Trade, Cao Quoc Hung, said that Vietnam and Bulgaria … [Read more...] about Bulgaria pledges best conditions for Vietnamese firms to enter EU market