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Unilever’s total revenue has dropped from $60.32 billion in 2017 to $58.22 billion in 2019, on the back of a sharp drop in Foods & Refreshments revenue and currency headwinds. She joined Unilever as a management trainee and has completed her 29th year in the organization. Tran Vu Hoai, the company’s vice president of Sustainable Development and Public Relations, said the outstanding tax issue in question is "due to the differences in the stipulations of the Investment Tax Law and the Corporate Income Tax Law for the period before 2014. "The determination of the amount of tax arrears arising from errors in calculating the preferential tax rate that applies to Unilever Vietnam for its expansion activities in 2009-2013 is not related to transfer pricing," said a representative of the General Department of Taxation.Speaking at a National Assembly session on the draft bill on Tax Administration, State Auditor General Ho Duc Phoc pointed to the Holland-backed personal care products maker Unilever Vietnam as an example of taxes overlooked by the authorities.Hoai said the matter is being handled by the Ministry of Planning and Investment, in collaboration with the Ministry of Finance and other agencies.Unilever Vietnam is not the only company that’s faced this problem. Unilever Pakistan and other markets, including Unilever Vietnam as Business Unit Leader for Personal Care. Get in touch with Unilever PLC and specialist teams in our headquarters, or find contacts around the world.We are widely recognised as a preferred employer, both by graduates and experienced professionals – find out why.What’s happening at Unilever?

Unilever is a major player in numerous FMCG markets worldwide, including home care, fabric care, and skin care. After re-examination, the State Audit concluded that the company had under-declared its tax dues by VND584 billion ($25 million). In September, Prime Minister Nguyen Xuan Phuc assigned the Ministry of Planning and Investment the task of coordinating and working with the Ministry of Finance to resolve such issues for enterprises, in the spirit of ensuring non-retroactivity of the law.Representatives of the HCMC Taxation Department also confirmed that the decision to collect this sum from Unilever Vietnam has been made, but has not been accepted by the company.The crux of this issue lies in the differences that existed in terms of investment incentives between "new projects" and "expanded investment projects" between 2009 and 2013.Unilever Vietnam has petitioned the Government, the Ministry of Finance and State Audit to find a satisfactory solution in compliance with Vietnamese laws and international regulations.The auditor general said the company had accepted this figure, but requested that it is not charged for late payment.Unilever Vietnam denies having under-declared any tax obligation. At Unilever we meet everyday needs for nutrition, hygiene and personal care with brands that help people feel good, look good and get more out of life. Unilever Kenya Limited Watermark Business Park, Ndege Road, Karen P.O. The company took the case to the Prime Minister and the National Assembly's Budget and Finance Committee. Suntory Pepsico Vietnam Beverage, GE, Piaggio Vietnam and Yamaha Motors have reportedly fought similar battles.

After re-examination, the State Audit concluded that the company had under-declared its tax dues by VND584 billion ($25 million). The company took the case to the Prime Minister and the National Assembly's Budget and Finance Committee. "Whether the company is fined will be decided by the General Department of Taxation, not us," Phoc said.Tax men and companies are divided over the definition of "new project" and "expanded investment project" as they apply to tax incentives.Then, "expanded investment projects" were only entitled to a three-year corporate income tax (CIT) exemption, and a 50 percent CIT reduction in the five following years.

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All rights reserved. Unilever is one of the world’s leading suppliers of Beauty & Personal Care, Home Care, and Foods & Refreshment products with sales in over 190 countries and reaching 2.5 billion consumers a day. In most Latin American countries, Indonesia and China, Unilever NV is the shareholding Box 30062-00100 GPO, Nairobi, Kenya.