Foreign-owned retailers face tax inspection

The General Department of Taxation has asked local authorities to carry out inspections at the foreign-owned retail stores in Vietnam.

 The General Department of Taxation has asked local authorities to carry out inspections at the foreign-owned retail stores in Vietnam.

The department will audit the corporate income, VAT and foreign contractor tax from 2012 to 2016. They also highlighted about the franchise transfers that haven't been registered or paid taxes. This is part of the department's inspection plan for this year.

Local taxation departments are asked to work with the departments of planning and investment and the departments of industry and trade to check on the service fees that member companies paid to mother companies overseas but didn't have evidence that the services have been implemented in Vietnam.

  

Many violations at the Metro Cash and Carry Vietnam reported

Last year, the General Department of Taxation issued a plan to inspect big supermarkets such as the Big C. In 2015, the authorities reported many violations at the Metro Cash and Carry Vietnam after a two-month inspection and collected VND507bn (USD22m).

The department also asked Big C Vietnam to pay VND3.6trn (USD158m) when it was sold by French retailer Casino to Thai Central Group.