Irrecoverable tax debt amount is over VND 32,000 billion
Headache with outstanding tax debts | |
The General Department of Vietnam Customs amends the management process of tax debts | |
HCM City Customs: Tax debt recovery coordination |
As of 31st May 2018, total tax debt amount is VND 83,540 billion. Photo: |
The amount of 90-day tax debts and over 90-day tax debts is VND 50,808 billion, accounting 60.8% of total tax debt amount. Tax and fee debt amount is VND 23,814 billion; the remaining amount is debts related to land, administrative violation and late tax payment.
Notably, irrecoverable tax debt group (debts of tax payers who have died, missing, lost civil capacity or related to criminal responsibility, or enterprises which were dissolved, bankrupted, temporarily stopped operation and disappeared from business address) is over VND 32.7 million. This group accounts for 39.2% of total tax debt amount.
According to the General Department of Taxation, the high increase in the outstanding tax debts in the first months of 2018 is mainly due to objective reasons such as the tax debt amounts in previous years cannot be collected; the increase in the late payment amount of 0.03% /day and enterprises facing financial difficulties or have stopped their operation and etc.
Tax debt relief: difficult but still solves the problem VCN- Non-recoverable tax debt has been a difficult problem for the financial sector for many years due ... |
Facing the situation, the General Department of Taxation has requested local Customs Departments to strengthen the urging and enforcement to immediately collect new outstanding tax debts (less than 90-day tax debts), reduce outstanding tax debts and complete the debt collection target assigned by the National Assembly and the Government.
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