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Law of Tax Management

Concerns persist over taxation of foreign e-commerce firms

Concerns persist over taxation of foreign e-commerce firms

The passing of the amended Law on Tax Management by the National Assembly is expected to improve the taxation on e-commerce activities.
Amended tax and public investment laws passed

Amended tax and public investment laws passed

National Assembly (NA) deputies on Thursday passed the draft amendment of the Law of Tax Management with 91.32 per cent of all deputies approving the draft law.
Controversial tax authorities removed

Controversial tax authorities removed

A draft regulation that would require banks to provide details of customers’ accounts to tax authorities which has caused controversy has been removed from the latest version of the draft Law on Tax Management.
Tough stance needed on tax official violations

Tough stance needed on tax official violations

National Assembly (NA) deputies agree it is important to penalise tax officials who provide illegal solutions for taxpayers.
Draft regulation about banks providing customers accounts to tax authorities causes controvery

Draft regulation about banks providing customers’ accounts to tax authorities causes controvery

A draft regulation that would require banks to provide details of customers’ accounts to tax authorities has been causing controversy.
MoF draft law gives taxpayer interests a nod

MoF draft law gives taxpayer interests a nod

Taxpayers will have the right to know the time limit for tax refunds and non-refundable tax amount with legal grounds, according to a draft revision for the Law on Tax Management.
Draft law lifts banks role in e-commerce

Draft law lifts banks’ role in e-commerce

Payments for e-commerce transactions must be made via banks or authorised payment intermediary services, according to the draft of the amended Law on Tax Management.
Ministry proposes tax law changes

Ministry proposes tax law changes

The Ministry of Finance has proposed amendments to the Law on Tax Management, aiming to enhance efficiency of tax collection from multinational companies, cross-border transactions and online businesses.
Govt gears up to collect tax arrears

Gov't gears up to collect tax arrears

The Ministry of Finance has officially made public the names of 600 companies that had accrued tax arrears till June end.
Seafood producers hit by VAT issues and import duties

Seafood producers hit by VAT issues and import duties

Difficulties in the implementation of value-added tax (VAT) refunds and deductions have contributed to capital shortages at aquatic businesses.