HCM City offers tax breaks to household businesses hit by COVID

The HCM City Tax Department said it has waived or reduced taxes worth VNĐ123 billion (US$5.37 million) for 86,197 household businesses affected by the COVID-19 epidemic.

HCM City seeks cashless payment for company transactions Businesses would be required to use non-cash payments for trading transactions of any value under a proposal submitted to the Government by the HCM City Tax Department.

Tax officials reduce inspections to help businesses amid COVID-19

After collecting US$11.6 million from violations since early 2020, the General Department of Taxation (GDT) said it would reduce regular tax checks at businesses to help them focus on production to overcome the COVID-19 pandemic.

HCM City recovers more than VNĐ1.1 trillion in tax

HCM City Tax Department has fined a number of tax violators and managed to reclaim more than VNĐ1.1 trillion (US$51 million) for the State budget in the first four months of this year.

HCM City tax department seeks to go past revenue target The HCM City Department of Taxation hopes to surpass its revenue target by at least 5 per cent this year.

Grab drivers want to put the brakes on tax Grab drivers say they pay too much tax – and are calling on government officials to reduce the amount.

HCM City Tax Department releases list of firms in tax debt HCM City’s Tax Department has announced a list of 1,691 companies with total unpaid tax debt of nearly VNĐ 4.5 trillion (US$ 193.5 million).

HCM City’s tax authority suspends enforcement decision against Sabeco

The Tax Department of HCM City has decided to suspend its decision to collect VNĐ3.14 trillion (US$134.8 million) from Sài Gòn Beer-Alcohol-Beverage Corporation (Sabeco) for the company’s special sales violations tax.

Government bonds lose their sheen

Though the interest rates on government bonds with maturity terms of one to 15 years have increased in recent times, there seems to be little appetite for them among investors.

Authorities slap social media profiteers with tax bill

The HCM City tax department said it has served a tax notice and slapped a fine on an individual together amounting to VNĐ4.1 billion (US$178,000) for failure to pay tax on incomes received from foreign companies in the last two years.