A total of 158 foreign service providers have registered, declared, and paid taxes through the Department of Taxation’s electronic portal, contributing 5.7 trillion VND, up 41% year-on-year.

The fast-growing e-commerce sector is making big money but its tax payments are not commensurate with its revenues, exposing the need for a better tax policy to prevent losses, according to insiders.

The Ministry of Finance (MoF) has proposed rescheduling excise tax payments for local automobile manufactures and assemblers.

Cashless payments continued to grow fast in the first nine months of 2021 to top 36.28 quadrillion VND (1.6 billion USD), according to a recent report by the Government.

Relevant agencies have rolled out various solutions this year to help taxpayers cope with the adverse impact of COVID-19, a forum on tax policy held in Hanoi on December 18 heard.

Businesses in the Mekong Delta province of Tien Giang hit hard by COVID-19 are seeking support, including deadline extensions for tax payments, from the provincial authorities.

The Ministry of Transport has proposed the Government assign the Ministry of Finance to consider reducing several taxes for transport businesses affected by COVID-19.

The Thai Ministry of Finance is working with the private sector to develop some 100 billion-THB worth support measures for affected persons and business operators, in the context of the global COVID-19 epidemic bringing significant disruption to both the Thai and global economies.

Nearly 518 trillion VND (22.23 billion USD) was collected towards the state budget in this year’s first four months, completing 36.7 percent of the yearly target and representing a year-on-year rise of 13.9 percent, reported the Ministry of Finance.

The operation of State-owned enterprises (SoEs) will be performed in an online management system according to the standards of the Organisation for Economic Co-operation and Development starting in January 2019.

Vietnam is entering the Fourth Industrial Revolution with the participation of all sectors, including the banking system; however, non-cash payment has seen development stall as the country’s population has not yet embraced its benefits.

The Government will continue to fine-tune legal regulations to popularise the payment of public services through banks, deputy governor of the State Bank of Vietnam (SBV) Nguyen Kim Anh said.

The Ministry of Finance rejected the Netherlands-based Uber International Holding BV’s complaints about the decision to collect 67 billion VND, or nearly 3 million USD, in tax arrears in a statement sent to the US-ASEAN Business Council.

Vietnam climbed from 167th to 86th place on the ease of paying taxes, according to the Doing Business 2018 (DB2018) report released by the World Bank.

The transferors and the transferees of domain names, still have to wait for guidelines on tax payments from the Ministry of Finance.

The Ministry of Finance of Thailand has affirmed that a National E-Payment system will be up and running by January 1 of 2017.

The Ministry of Finance has developed different scenarios that consider future impacts of oil price slumps for a more flexible management of the state budget in 2016, said Minister Dinh Tien Dung.

The telecommunications and information technology sectors have been the leading corporate taxpayers on a list of 1,000 leading corporations, accounting for 18 percent of total tax payments this year.