Profits or market share? Vietnam's new tax regime puts ride-hailing firms at a crossroads

Profits or market share? Vietnam's new tax regime puts ride-hailing firms at a crossroads

Source: Internet Archive

On December 5, Vietnam amended the tax structure for ride-hailing companies such as Grab, Gojek, and Be. Under the new regime, the ride-hailing companies will have to pay a 10 per cent value added tax (VAT) per trip, compared with 3 per cent earlier.

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