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Enterprises adopting circularity through technology innovation

Vietnamese attorneys face abuse from police when defending their clients

Vietcombank named Vietnam's strongest bank by balance sheet for six consecutive years

Vietcombank named Vietnam's strongest bank by balance sheet for six consecutive years
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Vietcombank, el banco más potente de Vietnam según el balance general | Política

Vietcombank, el banco más potente de Vietnam según el balance general | Política
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Vietnamese banks concerned as mandate forces withholding of tax money from client accounts

Tuesday, March 09, 2021, 15:54 GMT+7 A delivery worker is seen riding a motorbike on a street in Vietnam. Photo: Quang Dinh / Tuoi Tre In a bid to collect due tax from foreign service providers, Vietnamese authorities are requiring banks and payment intermediary service companies to withhold and pay tax from the accounts of e-commerce foreign contractors who do not register as a taxpayer in Vietnam, raising concerns over overload and risky transactions at local lenders. The direction was set forth in a draft circular to guide the implementation of Decree 126, which provides guidance for the application of the Law on Tax Administration.

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