Check out the Patek Philippe watch the oil tycoon gave Mr. Le Duc Tho, worth nearly 10 billion
In the case involving Xuyen Viet Oil, Mr. Le Duc Tho, former Secretary of the Ben Tre Provincial Party Committee, received a gift of a Patek Philippe watch worth more than 9.8 billion VND. Why are Patek Philippe watches so expensive?
When it comes to luxury watches, Patek Philippe is a Swiss brand that tops the list. These are extremely complicated watches that only skilled and experienced craftsmen can create. Patek Philippe watches are considered one-of-a-kind masterpieces in the world. (See details)
In addition to the gift of a Patek Philippe watch, the Investigation Agency said that Mr. Le Duc Tho also received a bribe of more than 13 billion VND, a Mercedes Benz S450 Luxury car worth more than 6.6 billion VND...
Meanwhile, Xuyen Viet Oil has negative equity of 462 billion VND; owes the State 1,246 billion VND in environmental protection tax; owes the Price Stabilization Fund 212 billion VND... but the company's leaders still have money to bribe everywhere. (See details)
Difficulty in applying for personal income tax refund
Many people feel discouraged when spending too much time and effort on procedures to receive personal income tax refunds. But it is a pity to give up, because this is the money that they have worked hard for.
According to current regulations, personal income tax refund dossiers must include: personal income tax refund request; personal income tax finalization declaration; personal income tax deduction documents. Therefore, once a taxpayer has income from many places, it will take a lot of time to gather enough tax deduction documents.
The Ministry of Finance pointed out a series of reasons for the delay in resolving personal income tax refunds, such as: taxpayers submitting incorrect tax finalizations to tax authorities, under-declaring taxable income, incorrectly declaring dependent deduction periods, under-declaring deductible compulsory insurance amounts, etc. The fault lies with taxpayers. (See details)
2 reasons for not increasing family deduction for taxpayers
The Ministry of Finance has just sent a document responding to the petition of voters of 6 provinces (Binh Dinh, Ha Giang, Thai Nguyen, Tra Vinh, Tuyen Quang, Tay Ninh) regarding the consideration of adjusting the family deduction level for personal income tax payers and dependents, especially after the salary increase from July 1.
According to the Ministry of Finance, the current deduction for taxpayers is higher than the common level applied by other countries. If there are 2 dependents, the 22 million VND/month level is still not subject to personal income tax after deducting insurance. (See details)
CEO of Dutch Milk Arrested, Dutch Lady Milk Brand Speaks Out
On August 30, the Ministry of Public Security announced that Mr. Nguyen Trung Vuong, General Director of the Netherlands Dairy Products Joint Stock Company, had been prosecuted and temporarily detained for investigation on the crime of "Producing and trading in counterfeit food products".
Regarding the above incident, the Dutch Lady milk brand has spoken out. “The violating company has the common name 'Ha Lan', which has caused many people to mistake it. In fact, these are two separate companies. In particular, the Dutch Lady milk brand is liquid milk, while the Dutch Milk Joint Stock Company produces and sells fake milk in powdered form,” said a representative of FrieslandCampina Vietnam. (See details)
From 2025, you will not be able to transfer money online without verifying your account.
Circular 17/2024/TT-NHNN stipulates that from January 1, 2025, bank account holders must register biometrics if they want to withdraw or transfer money online.
This is an improvement over the mandatory biometric authentication requirement for money transfers of over VND 10 million/transaction and VND 20 million/day under Decision 2345 of the State Bank of Vietnam, effective from July 1, 2024. (See details)
Officially reduce 50% of registration fee for domestically produced cars from September 1
The Government has just issued Decree No. 109/2024/ND-CP stipulating the registration fee for automobiles, trailers or semi-trailers pulled by automobiles and vehicles similar to automobiles manufactured and assembled domestically.
According to this decree, from September 1 to November 30, the registration fee collection rate is equal to 50% of the collection rate prescribed in Decree No. 10/2022 of the Government regulating registration fees and current resolutions and decisions of the People's Council/People's Committee of provinces and centrally run cities on local registration fee collection rates and amendments, supplements and replacements (if any).
From December 1st onwards, the registration fee will continue to be applied as before. (See details)
Inauguration of the 500kV line circuit 3 Quang Trach - Pho Noi to bring electricity to the North
On August 29, Vietnam Electricity Group (EVN) and the National Power Transmission Corporation (EVNNPT) held the inauguration ceremony of the 500 kV transmission line circuit 3 project from Quang Trach (Quang Binh) to Pho Noi (Hung Yen).
This is a key, urgent project, playing a particularly important role in national energy security. Therefore, the Prime Minister has strongly directed all levels, ministries, branches, and local authorities, requesting them to join hands. (See details)
After the SCB scandal, the Ministry of Finance wants to increase the fine 30 times for independent auditors
The Ministry of Finance has proposed raising the maximum fine from VND100 million to VND3 billion, a 30-fold increase for violations of independent auditing to be a sufficient deterrent. The statute of limitations for penalties will be 10 years, instead of 1 year.
In the Van Thinh Phat case, hundreds of billions of dong were “drained” from Saigon Commercial Joint Stock Bank (SCB), but for 10 years (2012-2022), SCB’s financial reports were audited by three leading auditing firms including Ernst & Young Vietnam, Deloitte Vietnam, and KPMG Vietnam, and no signs of irregularities were detected. (See details)
Comment (0)