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	<title>Loss of revenue &#8211; Spress</title>
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	<description>Spress is a general newspaper in English which is updated 24 hours a day.</description>
	<lastBuildDate>Fri, 14 May 2021 06:45:09 +0000</lastBuildDate>
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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>Malaysian fisheries: costs increase, resources decrease, difficulties are surrounded</title>
		<link>https://en.spress.net/malaysian-fisheries-costs-increase-resources-decrease-difficulties-are-surrounded/</link>
		
		<dc:creator><![CDATA[Thục An]]></dc:creator>
		<pubDate>Mon, 10 May 2021 14:02:11 +0000</pubDate>
				<category><![CDATA[Science]]></category>
		<category><![CDATA[Bang Selangor]]></category>
		<category><![CDATA[Catch]]></category>
		<category><![CDATA[Climate Change]]></category>
		<category><![CDATA[costs]]></category>
		<category><![CDATA[decrease]]></category>
		<category><![CDATA[difficulties]]></category>
		<category><![CDATA[Dotted Mackerel]]></category>
		<category><![CDATA[fisheries]]></category>
		<category><![CDATA[Fishermen]]></category>
		<category><![CDATA[Fishing grounds]]></category>
		<category><![CDATA[Go on beach]]></category>
		<category><![CDATA[HEE]]></category>
		<category><![CDATA[Increase]]></category>
		<category><![CDATA[Loss of revenue]]></category>
		<category><![CDATA[Malaysia]]></category>
		<category><![CDATA[Malaysia Bureau of Statistics]]></category>
		<category><![CDATA[Malaysian]]></category>
		<category><![CDATA[Maritime]]></category>
		<category><![CDATA[Monsoon]]></category>
		<category><![CDATA[Northeast]]></category>
		<category><![CDATA[profit]]></category>
		<category><![CDATA[Resources]]></category>
		<category><![CDATA[Sea fish]]></category>
		<category><![CDATA[squid]]></category>
		<category><![CDATA[Stream of fish]]></category>
		<category><![CDATA[struggling]]></category>
		<category><![CDATA[Surrounded]]></category>
		<guid isPermaLink="false">https://en.spress.net/malaysian-fisheries-costs-increase-resources-decrease-difficulties-are-surrounded/</guid>

					<description><![CDATA[Malaysian fishermen are witnessing climate change chaos monsoon cycles and flow of fish, leading to loss of sea trips while fishing costs increase. Bagan Sekinchan fishing village. Many fishing vessels here have small capacity, ineffective against changes in the fishing grounds. Photo: Hai Seng Huat wharf management agency. The small crane diligently carried each barrel [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>Malaysian fishermen are witnessing climate change chaos monsoon cycles and flow of fish, leading to loss of sea trips while fishing costs increase.</strong><br />
<span id="more-12902"></span> <img fifu-featured="1" decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_05_120_38731818/145770f853babae4e3ab.jpg" width="625" height="351"> </p>
<p> <em> Bagan Sekinchan fishing village. Many fishing vessels here have small capacity, ineffective against changes in the fishing grounds. Photo: Hai Seng Huat wharf management agency. </em> The small crane diligently carried each barrel of fish from the ship to the Hai Seng Huat wharf while the traders were busy choosing the right fish on the wet port floor. This sea trip was a big hit, especially for Indian mackerel. But with Chia Tian Seng, a 47-year-old fisherman in this area, there is still a worry in his heart. He and his three siblings, who worked together as fishermen, noticed that the weather was getting more and more unusual. With Seng&#8217;s seafaring profession, the weather will determine the effectiveness of each sailing trip. For 10 years of being directly in charge of a fishing boat, Seng has never seen an unusual wind and current like now. &#8220;Previously, in the main season, the wind and the water flow were usually very stable, now it is uncertain, very unpredictable, now it can hit like this, but it can also be empty,&#8221; said Seng. According to Seng, the changes in natural conditions also prevent the target from being caught. &#8220;In the past, the sea cases at the beginning of the year never had squid, it was only in the middle of the year, but from the Lunar New Year until now, my ship caught a few tons&#8221;. Seng&#8217;s brother, Mr. Hee, who is currently the chairman of the Fisheries and Fisheries Association of Sekinchan town (Sabak Bernam city, Selangor state) added that, for 2 years now, I have not understood why Indian mackerel is so much. Before fishermen hunt, it is rare, now every trip is available, so the price is not good. Fishermen He said that every trip to the ship owner complained that the team cost was too much. Vessels now often have to go farther and more winding than they can to see the flow of fish. According to experts, climate change is the agent that makes the marine profession change and more difficult. <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_05_05_120_38731818/dd964e386d7a8424dd6b.jpg" width="625" height="351"> <em> The waiting fish tanks were transferred to Hai Seng Huat jetty. Photo: Hai Seng Huat wharf management agency. </em> Tee Kai Seng, a 27-year-old fisherman who has been in the ocean for 10 years, noticed that the fish were getting smaller and smaller, causing the boat to move more to get big fish. &#8220;Previously I earned at least 2,000 RM (about 11 million VND) to 3,000 RM, about this year no trip has been more than 2,000 RM,” he said. In addition, the traditional fishing area that Tee Kai Seng used to go to now has not many fish, making each voyage go further. The Malaysian government recently revised the law, extending the ban on fin net fishing from 5 to 8 nautical miles from the coast. In the narrow Malacca Strait, outside 8 nautical miles for fishing is very difficult due to the busy passage of ships on the world sea, and it is also easy to violate the anti-IUU fishing regulations when the Indonesian territorial waters are too near the. But Chia Tian Seng still emphasizes the factor of climate change that is making Malaysian fisheries more difficult. The former northeast or southwest winter time &#8211; from November to March of the following year and from May to September &#8211; is usually the time when the Malaysian fisherman is carrying fish. Climate change changes the fish seasons. &#8220;Sometimes going to the sea, the wind blows from all sides, so the fish can not be determined,&#8221; said Seng. &#8220;Sometimes 3-4 days in a row the wind blows in the southeast direction, suddenly it turns to the northeast, then changes again&#8221;, the fisherman who is now the owner of the Hong King Mooi fish bowl added. According to Mr. Mooi, the wind changes, the flow of fish is difficult to find, more dangerous than fishermen&#8217;s boats that are easily dangerous. The phenomenon started appearing in 2004, and has become more frequent more and more recently, according to fisherman Hee. Malaysia is one of the countries with a high rate of fish consumption in daily meals in the world. Some figures in 2016 show that a Malaysian eats 168g of fish per day. That same year, the Center for the Development of Southeast Asian Fisheries assessed the total marine fish catch in Malaysia was worth 2.5 million USD. Newer figures from the Malaysian Bureau of Statistics in 2018, the output of sea fishing reached 1.45 million tons, in 2019 it was 1.46 million tons.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">12902</post-id>	</item>
		<item>
		<title>Anti-tax loss for the fields of electronic transactions, real estate, transfer pricing</title>
		<link>https://en.spress.net/anti-tax-loss-for-the-fields-of-electronic-transactions-real-estate-transfer-pricing/</link>
		
		<dc:creator><![CDATA[An Nhiên]]></dc:creator>
		<pubDate>Sat, 24 Apr 2021 07:13:11 +0000</pubDate>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Antitax]]></category>
		<category><![CDATA[Cao Anh Tuan]]></category>
		<category><![CDATA[Crude oil]]></category>
		<category><![CDATA[Deal]]></category>
		<category><![CDATA[Director General]]></category>
		<category><![CDATA[Electronic]]></category>
		<category><![CDATA[estate]]></category>
		<category><![CDATA[Estimates]]></category>
		<category><![CDATA[fields]]></category>
		<category><![CDATA[Financial plan]]></category>
		<category><![CDATA[General Department of Taxation]]></category>
		<category><![CDATA[Ho Duc Phoc]]></category>
		<category><![CDATA[Loss]]></category>
		<category><![CDATA[Loss of revenue]]></category>
		<category><![CDATA[minister]]></category>
		<category><![CDATA[pricing]]></category>
		<category><![CDATA[Proportion]]></category>
		<category><![CDATA[real]]></category>
		<category><![CDATA[Real estate]]></category>
		<category><![CDATA[State budget]]></category>
		<category><![CDATA[tax]]></category>
		<category><![CDATA[Tax authorities]]></category>
		<category><![CDATA[Tax Policy Department]]></category>
		<category><![CDATA[Taxpayers]]></category>
		<category><![CDATA[total revenue]]></category>
		<category><![CDATA[transactions]]></category>
		<category><![CDATA[Transfer]]></category>
		<category><![CDATA[Xuyen]]></category>
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					<description><![CDATA[Minister Ho Duc Phoc noted that in the coming time, the taxation sector should focus on completing the estimate, strengthening the management of objects to combat tax loss, especially in potential areas such as electronic transactions, cross-border transactions. gender, real estate, transfer pricing, transfer pricing. Finance Minister Ho Duc Phoc works with the General Department [&#8230;]]]></description>
										<content:encoded><![CDATA[<p><strong>Minister Ho Duc Phoc noted that in the coming time, the taxation sector should focus on completing the estimate, strengthening the management of objects to combat tax loss, especially in potential areas such as electronic transactions, cross-border transactions. gender, real estate, transfer pricing, transfer pricing.</strong><br />
<span id="more-7494"></span> <img decoding="async" loading="lazy" src="https://photo-baomoi.zadn.vn/w700_r1/2021_04_24_579_38621813/0ac9c0ade6ef0fb156fe.jpg" width="625" height="415"> </p>
<p> <em> Finance Minister Ho Duc Phoc works with the General Department of Taxation. </em> <strong> The period of 2021 &#8211; 2025 is expected to collect about 6,558,500 billion VND</strong> On the afternoon of April 23, the Ministry of Finance held a conference to report on the implementation of the task of State budget revenue management (state budget) held at the headquarters of the General Department of Taxation. Director General of the General Department of Taxation Cao Anh Tuan affirmed that the revenue structure of the tax sector is becoming more and more sustainable, with the increasing proportion of domestic revenue in the total state budget revenue (on average, in the five-year period 2011-2015, it accounts for 67 , 5% of total state budget revenue, by 2020, accounts for about 85.6% &#8211; the set target is 84-85%). Meanwhile, crude oil revenue accounts for a decreasing proportion, from 12.9% on average in 2011-2015 period to 3.6% on average in 2016-2020 period. In which, the average rate of mobilization of state budget revenue in 5 years in the 2016-2020 period will reach 25.2% of GDP (the target of 23.5% of GDP), of which mobilization from taxes and fees approximately meets the set target. 21% of GDP. Regarding the State budget revenue target for the period 2021-2025 mentioned in the draft Financial Strategy for the period of 2021-2030, which is being submitted to the Ministry of Finance&#8217;s leaders for approval, in which, the General Department of Taxation sets targets on state budget revenue for the period of 2021-2025. paragraphs 2021-2025 as follows: First, the average rate of mobilization into the state budget in the period 2021-2025 will reach about 15-16% of GDP, of which mobilization from taxes and fees is about 13-14% of GDP. Second, the proportion of domestic revenue in total state budget revenue by 2025 will reach over 85% of total state budget revenue. Third, the proportion of crude oil revenue by 2025 will decrease to 1.4% of the total state budget revenue. In which, the expected state budget revenue collected by the tax authority in the period 2021-2025 has been reported to the National Assembly at the 10th session, the 14th National Assembly is expected to be about 6,558,500 billion VND, including: Crude oil revenue. VND 108,200 billion; Domestic revenue was VND 6,450,300 billion, of which, revenue excluding land use fees, dividends &#038; profits, lottery, and the difference between State Bank revenues and expenditures was VND 5,311,600 billion. In addition, it is expected that the 5-year 2021-2025 collection to update the 5-year financial plan 2021-2025 has been coordinated by the General Department of Taxation and functional units to submit to the Ministry of Finance for updating the 5-year financial plan. 2021-2025. Accordingly, the estimated total state budget revenue managed by tax authorities in the five years period 2021-2025 is about VND 6,844,700 billion, 1.2 times higher than that of the 2016-2020 period; 286,200 billion higher than the expected revenue in the five years from 2021-2025 to report to the 10th session of the National Assembly, XIV National Assembly (6,558,500 billion). In the field of tax administration reform, General Director of the General Department of Taxation Cao Anh Tuan affirmed that the Tax Department is determined to reduce the time to implement tax administrative procedures to strive to be one of the leading countries by 2025. Southeast Asia is ranked as having a tax advantage. In which, striving: The rate of electronic tax declaration procedures at level 3 and 4 reaches at least 95%; The rate of online public services at levels 3 and 4 integrated with national public service portals reaches at least 70%. <img decoding="async" loading="lazy" class="lazy-img" src="https://photo-baomoi.zadn.vn/w700_r1/2021_04_24_579_38621813/22b6d9d2ff9016ce4f81.jpg" width="625" height="416"> <em> Director General Cao Anh Tuan reported at the Conference. </em> <strong> Consider the regulation rate according to the specific mechanism of Ho Chi Minh City</strong> Speaking at the conference, the Minister of Finance Ho Duc Phoc noted important results in the management of state budget revenues in recent years. According to the Minister, in 2020, although the socio-economic situation of the country still faces many difficulties due to the Covid-19 pandemic, but with the drastic direction of the Party, National Assembly, Government, Prime Minister The Government and the entire Finance sector in general have made great efforts to fulfill their assigned political tasks. The Minister asked the leaders of the units under the Ministry of Finance to focus on leading, directing and meeting the task requirements in the new situation. In particular, it is necessary to regularly direct, review and evaluate cadres, civil servants and public employees as a basis for staff evaluation, ensuring good completion of assigned tasks. Minister Ho Duc Phoc requested the Tax Policy Department (Ministry of Finance) to preside over and coordinate with the General Department of Taxation and the General Department of Customs to advise early on the regulation rate according to the specific mechanism of Ho Chi Minh City, in order to avoid the improper application in the implementation process makes it difficult for the state budget management. The Minister noted that in the coming time, the taxation sector needs to focus on completing the estimate, this is the most important task, focusing on building and completing tax legislation, and strengthening the management of objects to combat revenue loss, especially in the fields of potential sectors such as electronic transactions, cross-border transactions, real estate, transfer pricing, transfer transactions. Tax Departments need to link with the land registration office; coordinating with banks to combat money laundering; Residential data connection; enhance propagation and settlement of complaints for taxpayers &#8230; In the field of tax consultancy, it is necessary to review and sum up and evaluate the effectiveness of tax agents. In particular, it is necessary to organize training and management organization in accordance with regulations. For the management of state budget revenues, the Minister suggested that the Taxation branch should strengthen the implementation of electronic taxation; expanding objects of electronic tax declaration; coordinating with authorities to determine financial obligations; Need to build big data about taxpayers and apply artificial intelligence in revenue control and build an electronic invoice database through which to promptly identify and handle incorrect invoices to promptly handle them. wrong issues. In addition, it is necessary to focus on researching and developing decrees and circulars on the implementation of e-invoices, proactively implementing appropriate tax and fee solutions to contribute to solving difficulties and supporting businesses. citizen. For tax data storage, it is necessary to continue to upgrade and modernize the server system, ensure the server operates 24/24 and have security and backup systems. At the same time, strengthen tax inspection and examination based on analysis of risk assessment data; strengthening professional capacity, inspecting and strictly enforcing violations and violations of the law; Promote international cooperation to combat tax evasion, create conditions to attract investment. Minister of Finance Ho Duc Phoc especially emphasized: “Promoting the tradition of construction and development, I hope that all units in the entire Finance sector continue to strengthen discipline, solidarity, creativity, and vigorously emulation for a comprehensive victory, exceeding the financial &#8211; budget targets and tasks, determined to strive to fulfill well the tasks assigned by the Party and State &#8220;.</p>
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