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	<title>Corporate income tax &#8211; Spress</title>
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		<title>Ho Chi Minh City is very difficult to collect taxes on Facebook, Google</title>
		<link>https://en.spress.net/ho-chi-minh-city-is-very-difficult-to-collect-taxes-on-facebook-google/</link>
		
		<dc:creator><![CDATA[Lệ Hằng/VOV-TPHCM]]></dc:creator>
		<pubDate>Fri, 14 May 2021 06:45:09 +0000</pubDate>
				<category><![CDATA[Tech]]></category>
		<category><![CDATA[Bank account]]></category>
		<category><![CDATA[brand]]></category>
		<category><![CDATA[Chi]]></category>
		<category><![CDATA[City]]></category>
		<category><![CDATA[Collect]]></category>
		<category><![CDATA[Corporate income tax]]></category>
		<category><![CDATA[Department of Taxation]]></category>
		<category><![CDATA[difficult]]></category>
		<category><![CDATA[Ecommerce]]></category>
		<category><![CDATA[Estimates]]></category>
		<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Ho Chi Minh]]></category>
		<category><![CDATA[Ho Chi Minh City]]></category>
		<category><![CDATA[Ho Chi Minh City Tax Department]]></category>
		<category><![CDATA[Household business]]></category>
		<category><![CDATA[Le Duy Minh]]></category>
		<category><![CDATA[Loss of revenue]]></category>
		<category><![CDATA[Minh]]></category>
		<category><![CDATA[On face]]></category>
		<category><![CDATA[Representative office]]></category>
		<category><![CDATA[Revenue]]></category>
		<category><![CDATA[Revenues]]></category>
		<category><![CDATA[solution]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[Tax collection]]></category>
		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[VAT]]></category>
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					<description><![CDATA[Ho Chi Minh City Tax Department is implementing many solutions to support businesses to generate good income, and at the same time will deploy solutions to combat tax loss, especially revenue on e-commerce, Facebook, Google &#8230; In the past 4 months, Ho Chi Minh City&#8217;s budget revenue is estimated at more than 140,000 billion Dong, [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>Ho Chi Minh City Tax Department is implementing many solutions to support businesses to generate good income, and at the same time will deploy solutions to combat tax loss, especially revenue on e-commerce, Facebook, Google &#8230;</strong><br />
<span id="more-14131"></span> In the past 4 months, Ho Chi Minh City&#8217;s budget revenue is estimated at more than 140,000 billion Dong, reaching 38% of the estimate, up 15.7% over the same period last year. To support businesses to restore production, the city has extended value added tax and corporate income tax for 56,000 businesses and business households with about 15,000 billion dong. At the same time, the City Tax Department also implemented measures to combat tax loss, especially revenue from e-commerce, Facebook, Google &#8230; Because currently, there are many brands of business, advertising on Facebook, Google &#8230; control should result in a huge loss of tax revenue. Business units of this type have representative offices in Vietnam, but this office is not a business or commercial organization, so the tax industry is very difficult to manage.</p>
<p> <img fifu-featured="1" decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_12_65_29163435/3b6853644d26a478fd37.jpg" width="625" height="396"> <em> Mr. Le Duy Minh, Director of Ho Chi Minh City Tax Department</em> According to Mr. Le Duy Minh, Head of Tax Department of Ho Chi Minh City, in order to control and manage taxes, their technology platform and business programs and software must be located in Vietnam and be managed by authorities. physical. Currently, the Ho Chi Minh City Tax Department can only verify from the bank account the revenues and expenditures of these units, that is only working at the &#8220;top&#8221;, but not yet able to do the &#8220;original part&#8221;. The City Tax Department is proposing to the Ministry of Industry and Trade to support this issue. “All these transactions, the Ministry of Industry and Trade, have to support the City Tax Department to be able to penetrate their system. We must have solutions and software to track online purchases and sales to be able to strictly manage them. I now just stop at the level of verifying that their accounts are opened in Vietnam, how they collect and spend taxes on that basis ”, said Mr. Le Duy Minh.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">14131</post-id>	</item>
		<item>
		<title>Why is Becamex Industrial Development and Investment Corporation fined and must pay 57 billion VND?</title>
		<link>https://en.spress.net/why-is-becamex-industrial-development-and-investment-corporation-fined-and-must-pay-57-billion-vnd/</link>
		
		<dc:creator><![CDATA[editor]]></dc:creator>
		<pubDate>Fri, 23 Apr 2021 06:45:08 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[After tax]]></category>
		<category><![CDATA[Arrears]]></category>
		<category><![CDATA[BECAMEX]]></category>
		<category><![CDATA[billion]]></category>
		<category><![CDATA[Corporate income tax]]></category>
		<category><![CDATA[Corporation]]></category>
		<category><![CDATA[Declaration]]></category>
		<category><![CDATA[development]]></category>
		<category><![CDATA[Finalization]]></category>
		<category><![CDATA[Financial investment]]></category>
		<category><![CDATA[Fine]]></category>
		<category><![CDATA[fined]]></category>
		<category><![CDATA[Industrial]]></category>
		<category><![CDATA[investment]]></category>
		<category><![CDATA[MCK]]></category>
		<category><![CDATA[pay]]></category>
		<category><![CDATA[plans]]></category>
		<category><![CDATA[Profit after tax]]></category>
		<category><![CDATA[Punish]]></category>
		<category><![CDATA[Submit]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[Tax arrears]]></category>
		<category><![CDATA[Tax Department of Binh Duong province]]></category>
		<category><![CDATA[total assets]]></category>
		<category><![CDATA[VAT]]></category>
		<category><![CDATA[Violations]]></category>
		<category><![CDATA[VND]]></category>
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					<description><![CDATA[Investment and Industrial Development Corporation JSC (Becamex, MCK: BCM) must pay more than 57 billion dong due to tax errors. Investment and Industrial Development Corporation &#8211; Joint Stock Company (Becamex, MCK: BCM) is retrospectively collected for incorrectly declaring value added tax and corporate income tax. Specifically, with the above violation, Becamex was fined for false [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>Investment and Industrial Development Corporation JSC (Becamex, MCK: BCM) must pay more than 57 billion dong due to tax errors.</strong><br />
<span id="more-6307"></span> Investment and Industrial Development Corporation &#8211; Joint Stock Company (Becamex, MCK: BCM) is retrospectively collected for incorrectly declaring value added tax and corporate income tax.</p>
<p> Specifically, with the above violation, Becamex was fined for false declaration of nearly 8.5 billion VND, the late payment of value added tax was more than 2.9 billion VND, the late payment interest of corporate income tax. industry is more than 1.4 billion. <img decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_04_23_252_38612680/93b0677e413ca862f12d.jpg" width="625" height="477"> <em> Becamex Industrial Development and Investment Corporation was fined and had to pay 57 billion VND.</em> According to the decision of the Tax Department of Binh Duong province, Becamex corporate income tax to be temporarily paid in 2020 is 1.87 billion VND, temporarily not sanctioned for false declaration and late payment interest due to the deadline for the inspection conclusion. time of submission of corporate income tax finalization declarations. Thus, the total amount of fines and tax arrears that Becamex has to pay into the state budget is more than 57 billion VND. In particular, Becamex has fully paid the arrears of corporate income tax and value added tax of 2019 and 2020 into the state budget on February 25. Regarding the business situation, accumulated in 2020, BCM&#8217;s net revenue reached 7,723 billion VND, a decrease of 6% compared to the previous year, profit after tax reached 2,149 billion VND, a decrease of 18% compared to 2019. In 2020, Becamex planned Total revenue target is 6,016 billion VND, EAT is 931 billion VND, 40% and 65% lower, respectively compared to 2019. Accordingly, although the business result is lower than 2019, BCM still has completed. successfully exceeded 28% of its revenue target and reached 131% of its profit after tax target. As of 31/12/2020, BCM&#8217;s total assets increased by 10.7% compared to the beginning of the year to 48,190.8 billion dong. In which, main assets are inventories reached 24,165.6 billion VND, accounting for 50.1% of total assets; long-term financial investment reached 11,893.5 billion VND, accounting for 24.7% of total assets; Short-term receivables reached 3,655.4 billion VND, accounting for 7.6% of total assets. In the fiscal year, total short-term and long-term loans increased by 2.4% compared to the beginning of the year, corresponding to an increase of VND352.6 billion to 14,900.3 billion and accounting for 30.9% of total capital of BCM. . <strong> Thu Ha</strong> (Th)</p>
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