Themed “Investment incentives, related party transactions: situation and solutions,” the workshop was co-organised by Deloitte Vietnam, the Ministry of Planning and Investment and the Ministry of Finance.investment incentives, such as land rent, Corporate Income Tax (CIT) and Personal Income Tax (PIT), to transfer prices and profits. … [Read more...] about Tax, investment changes concern foreign firms
U s individual income tax
According to an auditing report on the management and use of State capital and assets at Sabeco in 2016, Sabeco had committed violations by paying bonuses for those holding senior positions in 2015. Particularly, Sabeco spent more than VND15 billion paying bonuses for the chairman and members of the board, general director, deputy general directors, head of the supervisory board and chief accountant. The bonuses were equivalent to 20.3 months’ salaries, exceeding the permitted level of nearly VND12.8 billion. … [Read more...] about Sabeco told to pay VND2.5 trillion in back tax
Community-based tourism has been early operated in the northwestern mountainous areas. Tours to popular destinations in Lao Cai province’s Sa Pa district and local festivals have charmed visitors, especially international tourists. Sa Pa district has focused on developing the unique tourist products and encouraging local communities' participation to the sustainability of tourism industry to share benefit from tourist project. … [Read more...] about Community-based tourism increases local income
Disputes over a contract between a coach and a football club or a national football federation are not something unusual. Citing the case of Coach Letard who led the Vietnam U23 team at the 2002 LG Cup tournament as an example, VFF unilaterally terminated the labor contract with this French coach in an illegitimate way. Coach Letard later filed a complaint to the International Federation of Football Association (FIFA), and was declared as the winner of the case and eligible for US$35,000 worth of compensation. Not satisfied with such modest compensation, Letard brought the case to the Court of Arbitration for Sports (CAS). On September 30, 2004, CAS arrived at their decision to force VFF to compensate the French coach US$197,800, plus an extra US$2,500 to cover the surcharges. In case VFF failed to execute this ruling (by the deadline of January 10, 2005), the Vietnam national football team could be banned from playing internationally for two years. … [Read more...] about Why Need Commitment To Achievement?
NIC general director Nguyen Hoa Cuong told VIR that the centre will support the application of high technologies, especially those from Industry 4.0, for Vietnamese enterprises and assist the country in luring startups and innovation stakeholders, developing high-quality human resources, and contributing to the implementation of the National Strategy on Industry 4.0. … [Read more...] about Moving forward with vital innovation hub