"The Invoice Loophole: A Smuggler

"The Invoice Loophole: A Smuggler's Tool to legitimate smuggled sugar

Through various methods such as using recycled invoices, changing packaging, etc., smuggled sugar still infiltrates the domestic market
Strictly handle violations of invoices in a timely manner to avoid budget losses

Strictly handle violations of invoices in a timely manner to avoid budget losses

VCN - The General Department of Taxation has just issued a document directing local tax authorities nationwide to conduct close and timely review and supervision of businesses showing signs of risks in the illegal trade and use of invoices.
Reporting to the National Assembly for considering VAT reduction in the second half of 2024

Reporting to the National Assembly for considering VAT reduction in the second half of 2024

The Government assigned the Ministry of Finance to summarize and evaluate the results of reducing VAT rates to report to National Assembly for consideration and allowing to implementing in the second half of 2024.
10 outstanding events of the Tax industry in 2023

10 outstanding events of the Tax industry in 2023

VCN - The General Department of Taxation has just announced its 10 outstanding events in 2023.
Many "tricks" to cheat e-invoices

Many "tricks" to cheat e-invoices

VCN - As noted by some tax authorities, recently, the issue of invoices of some businesses has shown signs of abnormality.
Strengthening review and inspection to prevent fraud in invoice using

Strengthening review and inspection to prevent fraud in invoice using

VCN - The General Department of Taxation has just issued a directive requesting units to strengthen measures to review and inspect invoices to prevent fraud in using invoices for tax appropriation.
Tax sector strengthens fight against invoice fraud

Tax sector strengthens fight against invoice fraud

VCN – The General Department of Taxation has requested local tax agencies raise their awareness of management and fight against invoice fraud.
Ministry of Finance submits to the Government to amend regulations on invoices and documents

Ministry of Finance submits to the Government to amend regulations on invoices and documents

VCN - On the basis of the Government's decrees, the Ministry of Finance has issued guiding documents and directed the tax authorities to implement them uniformly.
Strictly handling cases of not reducing VAT

Strictly handling cases of not reducing VAT

Tax sector will coordinate with competent forces to strictly handle cases of not reducing VAT in accordance with Decree 15/2022/NĐ-CP.
Electronic invoice deployment centres put into operation

Electronic invoice deployment centres put into operation

The General Department of Taxation has opened a series of electronic invoice deployment centres, located at its headquarters and the taxation departments in six localities.
Seizure of more than 3,000 Covid-19 quick test kits

Seizure of more than 3,000 Covid-19 quick test kits

VCN – 3,100 Covid-19 quick test kits without invoices have been seized by authorities in Ha Noi.
Which businesses at high risk in invoice issuance?

Which businesses at high risk in invoice issuance?

VCN - The Ministry of Finance has announced consultancy for the draft circular guiding the implementation of articles of the Government's Decree No. 123/2020 / ND-CP prescribing invoices and documents.
Declaration and payment method applied for business households paying flat tax

Declaration and payment method applied for business households paying flat tax

Hanoi Tax Department has issued specific guidance to help business households implement tax declarations and payments in accordance with regulations
Department of Taxation of Ho Chi Minh City: Notices for business to use electronic-invoices

Department of Taxation of Ho Chi Minh City: Notices for business to use electronic-invoices

VCN- From now to July 2022, businesses have to use invoices as normal until the Tax Department announces to businesses and enterprises for implementing e-invoices.
Invoice service provider may be fined for disclosing customers’ information

Invoice service provider may be fined for disclosing customers’ information

VCN- Regulations on violations relating tax and e-invoices are supplemented in the draft decree to be consistent with the new regulations of the revised Tax Administration Law.
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