Ho Chi Minh City Tax Department: Over 1,700 billion VND from tax arrears and loss reduction in July

	Hanoi Tax Department collecting budget increased by 20% over the same period
	22 enterprises with tax arrears of more than 128 billion vnd ran away
	Increase over 800 billion vnd in budget collection from post clearance audit

Enterprises implement procedure at Ho Chi Minh Customs Department. Photo: T.H

Therefore, accumulation of the first 7 months of 2017, the Ho Chi Minh City Customs Department audited and examined over 11,000 dossiers with total tax arrears of over 2,400 billion VND, an increase of 60% compared to the same period of 2016. Besides, through audit and examination, the Tax authority reduced a deductible VAT of nearly 260 billion VND and reduced a loss of 7,140 billion VND at enterprises.

According to Mr. Le Duy Minh, Deputy Director of Ho Chi Minh City Tax Department, the Department has strengthened the inspection and examination and anti-tax loss, especially the implementation of inspection subjects for high risk fields, such as: the subject on controlling transfer pricing for associated enterprises (mainly FDI enterprises); Controlling of transfer pricing in import-export; Business management of the high-end catering services; e-commerce business management.

In particular, reviewing, collecting information and announcing in written document to online business organizations and individuals (Facebook, Youtube, Zalo ...) to encourage and guide the taxpayers to well comply with tax law.

Ho Chi Minh City: Nearly 1,400 billion vnd of tax debts VCN- According to the Ho Chi Minh City Customs Department, until May 15th, 2017, total tax debt ...

According to Ho Chi Minh City Tax Department, in August 2017, the Department will strengthen the inspection for enterprises with high risk signs on tax: enterprises subject to inspection after VAT refund, enterprises subject to tax incentives and tax exemption; enterprises with suspicious transactions; enterprises which have not completed inspection or examination for 5 years or more.

In addition, the inspection will also focus on enterprises manufacturing and operating in plastic, wooden products, textiles, footwear, real estate, cosmetics, pharmaceuticals, medical equipment; Enterprises declaring tax on contractors with large tax payments; Enterprises operating in consumer goods such as mobile phones and means of transport with high provisions; Foreign invested enterprises from the low tax transparency sector with a revenue of 200 billion dong per year; associated enterprises and enterprises with risk of invoices, and enterprises with risky information from third party.