Whats tax evasion

Spokeswoman for the Ministry of Foreign Affairs Le Thi Thu Hang (Photo: VNA) Hanoi (VNA) – Spokeswoman for the Ministry of Foreign Affairs Le Thi Thu Hang provided more information about a woman recently found guilty of tax evasion, and rejected rumours she was penalised for climate change activities. Speaking at the ministry’s regular press conference, Hang said the Hanoi People’s Court on June 17 held the first-instance trial and sentenced Nguy Thi Khanh to 24 months in prison for tax evasion under Article 200 of the Penal Code. The investigation and hearing was carried out in line with law, the trial was held publicly, and the defendant had all her rights guaranteed in accordance with law, the spokeswoman noted. “Vietnam adamantly fights against and strictly deals with law violations in accordance with legal regulations. All citizens are equal before the law,” she stressed, adding that Vietnam has carried out communications and education measures to gradually … [Read more...] about Climate activist prosecuted for tax evasion pleads guilty: spokeswoman

Ngụy Thị Khanh, former head of NGO GreenID and known for advocating the reduction of coal-fired power in Vietnam, was handed a prison sentence for economic crimes, not her environmental activism, spokesperson for the foreign ministry Lê Thị Thu Hằng said on Thursday. Ngụy Thị Khanh, director of Vietnam’s Green Innovation and Development Centre (GreenID), has been arrested for tax fraud. — Photo courtesy of Hanoi Police During the regular press briefing held in Hanoi, Hằng said that on June 17, the People's Court of Hanoi opened a first-instance trial and had subsequently sentenced the 46-year-old Ngụy Thị Khanh to 24 months in prison for tax evasion under Article 200 of the Penal Code. She was arrested earlier in February by the Hanoi's police. The investigation and trial process were conducted in accordance with the provisions of law, Hằng said, adding that the trial was held in public and the defendant’s rights were fully guaranteed as prescribed by … [Read more...] about Environmentalist prosecuted for tax evasion, not her activism: Foreign ministry

Tax inspection has put considerable pressure on business owners as the tax environment becomes more complicated and challenging. With the aim to support businesses to tackle the tax audit issues, on June 14, RSM Vietnam held the webinar RSM Tax Inspection 2022 to assist enterprises in successfully managing tax inspections. The webinar successfully attracted more than 150 participants from different companies. According to Le Khanh Lam, head of Tax & Consulting Services at RSM Vietnam, the COVID-19 pandemic had certain impacts on the number of tax adjustments and tax inspections in the first four months of 2022. The tax adjustments resulting from tax audits have declined as compared to the same period in 2021. Meanwhile, only 15 per cent of tax inspections have been completed according to the year’s plan. He added that due to the low number of tax audits in early 2022, the tax authorities would be likely to increase inspection in the second half of this year. Therefore, … [Read more...] about What businesses should prepare for the tax inspection

A customer buys petrol at a petrol station of Vietnam National Petroleum Group (PLX) in Ha Noi. Deputy Minister of Finance Ta Anh Tuan speaks to local media about this issue. Since the beginning of the year, gasoline prices have fluctuated greatly. What measures has the MoF introduced to stabilise petrol prices? World petroleum prices have had complicated fluctuations from the beginning of 2022 until now, due to the recovery of large economies in the world along with impacts from the Russia-Ukraine conflict and Covid-19 pandemic. The MoF, a price managing agency of the Government, is very worried about the impact of increased gasoline prices on controlling inflation in 2022. To stabilise gasoline prices and minimise the negative effects of the petrol price increases, the ministry has recommended that Government and the National Assembly Standing Committee reduce some kinds of tax imposed on gasoline products. The ministry has submitted proposals to the National Assembly … [Read more...] about MoF proposes further cut to environmental protection tax for petrol

Deputy Minister of Finance Ta Anh Tuan To control increases in petrol prices, the Ministry of Finance (MoF) has proposed to reduce the environmental protection tax for petrol products to the floor level. The reduction will be from VND550-1,100 per litre, depending on the kind of petrol. Deputy Minister of Finance Ta Anh Tuan speaks to local media about this issue. Since the beginning of the year, gasoline prices have fluctuated greatly. What measures has the MoF introduced to stabilise petrol prices? World petroleum prices have had complicated fluctuations from the beginning of 2022 until now, due to the recovery of large economies in the world along with impacts from the Russia-Ukraine conflict and COVID-19 pandemic. The MoF, a price managing agency of the Government, is very worried about the impact of increased gasoline prices on controlling inflation in 2022. To stabilise gasoline prices and minimise the negative effects of the petrol price increases, the ministry … [Read more...] about MoF proposes further environmental tax cut for petrol

Vietnamese influential climate activist Nguy Thi Khanh was jailed for tax evasion, the Ministry of Foreign Affairs confirmed on Thursday, refuting the rumor that she was criminally charged for her climate-related activities. Khanh was sentenced to 24 months in prison for tax evasion during her trial at the Hanoi People’s Court on June 17. The investigation and hearing were carried out in line with the law, and the trial was held publicly, spokesperson for the Ministry of Foreign Affairs Le Thi Thu Hang answered the questions from foreign media during a regular press meeting on Thursday. The defendant had all her rights guaranteed in accordance with the law, Hang added. Vietnam is determined to fight and strictly deal with violations of the law in accordance with regulations, the diplomat stressed, adding that all citizens are equal before the law. Khanh was investigated and indicted for her economic offense, particularly breaking the rules on tax management, and she pleaded … [Read more...] about Vietnam refutes rumor that prize-winning environmentalist was jailed for climate-related activities

Ring road plan to transform market - Illustrative photo (Source: VNA) The government has asked the National Assembly (NA) to consider and decide on the policy for investing in the ring roads to be located in the country’s two biggest cities. Tran The Anh, sales director of Thang Loi Group, said that the land fund in inner cities is increasingly exhausted and prices are high, with investors turning to suburban real estate. “There is a thirst for houses for those living and working in Ho Chi Minh City in particular,” The Anh said. “The shifting trend of investors and individual financiers is also creating a new vitality for the real estate market in the suburbs.” One of the issues discussed by NA delegates and experts is how to exploit the land fund around the two ring roads, which will soar in value. Already in many places, the price of land in the area has increased dozens of times over. “Because the two routes will open up a vast land fund, the management of auctions of … [Read more...] about Ring road plan to transform market

David Liden, trade commissioner as well as country manager of Business Sweden How can you assess the digital transformation process among manufacturers in Vietnam? Connectivity is the key. The application of digital technology, the information revolution, and digitalisation is basically a new form of Industry 4.0. We utilised machinery to replace our muscles and now we are trying to unload our highly busy brains with digital solutions. Exactly what will make sense for each firm in Vietnam is impossible to determine and so companies need to explore it themselves. On the governmental side, it is necessary to promote mutual learning and collaboration between Vietnamese enterprises and partners who have previously gone through the path while incentivising this counter-investment. How can manufacturers achieve success in the transformation towards smart factories? Identifying actual needs is one of the main success elements for digital transformation. A major issue that … [Read more...] about Elements for digital transformation

What you need to know in Vietnam today: Politics -- China’s military drill in Hoang Sa (Paracels) is a blatant violation of Vietnam’s sovereignty, Le Thi Thu Hang, spokesperson of the Vietnamese Ministry of Foreign Affairs, said on Thursday, demanding that Beijing not repeat the infringement. -- Vietnam’s National Assembly Chairman Vuong Dinh Hue will lead a high-ranking delegation on an official visit to Hungary from June 26 to 28, the Vietnam News Agency cited the NA’s Committee of External Relations as announcing. Society -- Nguy Thi Khanh, an environmentalist, has been jailed for evading tax, not for her activities and opinions related to climate change, Le Thi Thu Hang, spokesperson of Vietnam’s Ministry of Foreign Affairs, said at a press briefing in Hanoi on Thursday. -- Eighty-two percent of the Vietnamese respondents in the Travel Confidence Index Ranking survey conducted by Booking.com said that they felt comfortable with Vietnam’s reopening of its … [Read more...] about Breakfast @ Tuoi Tre News — June 24