Thailand's Ministry of Finance is mulling amending tax laws on income from foreign investments to create a more favourable environment for investors and lure Thais to repatriate their earnings.

Vietnamese authorities will crack down on tax evasion by implementing strict measures to ensure individuals and businesses fulfill their tax payment obligations.

The rapid development of e-commerce in recent times has posed significant challenges to the tax management in Vietnam. The tax sector is coordinating with relevant ministries and branches to seek suitable solutions to development requirements and practices serving tax management and preventing tax loss.

In an effort to streamline tax data for the national database on population, the General Department of Taxation (GDT) is aiming to complete the synchronisation process and unify the use of citizen identification numbers as personal tax codes this year.

Ho Chi Minh City brought in more than 140.3 trillion VND (6.06 billion USD) in budget collections during the January - April period, a 15.76 percent increase year-on-year and fulfilling 30.45 percent of the annual target.

HCM City witnessed a sharp fall in budget collections in the first nine months of this year as a result of COVID-19, which will pose problems in fulfilling the annual target.

Prime Minister Nguyen Xuan Phuc on April 8 approved Decree No 41/2020/ND-CP on the extension of deadlines for tax and land use fee payments to support businesses suffering from the COVID-19 pandemic.

The General Department of Taxation (GDT) has proposed to erase 12 trillion VND (516 million USD) out of total 30 trillion VND irrecoverable tax debts.

Taxpayers will have the right to know the time limit for tax refunds and non-refundable tax amount with legal grounds, according to a draft revision for the Law on Tax Management.

Payments for e-commerce transactions must be made via banks or authorised payment intermediary services, according to the draft of the amended Law on Tax Management.

Total State budget revenue in HCM City reached 347.98 trillion VND (15.32 billion USD) in 2017, slightly more than the year’s target, and up 13.5 percent compared to 2016, according to the city’s State Treasury.