tax debt

Why have nine processing enterprises enforced suspending use of invoices?

10:18 | 26/05/2023 Anti-Smuggling

VCN - The Processing Customs Branch said that the branch issued an official dispatch to request customs branches under HCM City Customs Department to enforce nine enterprises to suspend use of invoices

Review and amend the Law on Personal Income Tax in tandem with international practices

10:18 | 26/05/2023 Finance

VCN - Voters in Da Nang proposed the Ministry of Finance to advise the Government to submit to the National Assembly for amendment of the Law on Personal Income Tax to increase the level of family circumstance-based deduction for taxpayer’s dependents.

Banks' bad debt burden is getting "bigger"

14:44 | 15/05/2023 Finance

VCN - Results from the financial statements of the first quarter of 2023 of 27 banks listed on the stock market showed that many banks increased their bad debt by 50-70%.

Tax debt of VND 210 million - not resolved after 25 years due to lack of guidance

08:01 | 02/05/2023 Anti-Smuggling

VCN - As a rule, before considering debt cancellation as prescribed in Resolution 94/2019/QH14, the customs authority should check the implementation of coercive measures to ensure that taxpayers are no longer able to pay taxes and the business registrati

Reform the tax debt management process

14:12 | 20/03/2023 Customs

VCN - The conference was attended by GDVC’s Deputy Director General Hoang Viet Cuong, representatives of local customs departments, customs branches and officers in charge of tax debt management.

Customs handles tax debt: From flexibility to rigour – Final part: Putting tax debt to the lowest rate

12:38 | 18/03/2023 Customs

To remove the "bottleneck", the General Department of Vietnam Customs has issued a process to manage tax debt and other receivables for import and export goods to handle it completely.

Customs handles tax debt: flexibly and rigorously- Part 2: Why is the effectiveness of coercive measures not high?

14:37 | 10/03/2023 Customs

VCN - In addition to seven coercive measures to enforce administrative decisions on tax administration for tax debtors specified in Article 125 of the Law on Tax Administration 2019, one of the "stronger" measures taken by the Customs sector for tax debto

Customs handles tax debt: flexibly and rigorously- Part 1: Diversity of tax debts

12:08 | 05/03/2023 Customs

VCN - According to Article 55 of the Law on Tax Administration 2019 stipulating the tax payment deadline, enterprises are allowed to apply for a 90-day grace period when importing and exporting taxable goods.

Tax sector ready to carry out the budget collection in 2023

10:17 | 01/02/2023 Finance

VCN - Due to a lot of pressure on the state budget collection in 2023, the tax sector has proactively set out critical tasks for implementation at the beginning of the year.

"Strongly" handle tax debt

09:47 | 22/12/2022 Finance

In order to reduce tax debt, many flexible measures have been taken by the tax sector, including strong measures such as suspending the entry and exit of legal representatives of enterprises.

Owner of a gold trading company suspended from exiting the country for tax debt

09:42 | 02/12/2022 Anti-Smuggling

VCN – A gold trading company has owed tax since 2012 but intentionally delayed payment to the state budget despite measures to urge and collect debts by the customs.

Separate handling measures will be applied for each subject of a tax debt via classification

09:59 | 17/10/2022 Finance

The tax sector will focus on classifying tax debts to have appropriate debt collection measures for each subject.

Difficult to collect tax debt in the field of export processing, manufacturing

08:05 | 05/10/2022 Customs

VCN – Most exporting processing enterprises (EPEs) owing tax have ceased operations and no longer operate at the registered business addresses, making it extremely difficult for the Customs agency in debt collection.

Applying coercive measure for one enterprise owing tax of nearly VND100 billion

09:29 | 17/09/2022 Anti-Smuggling

HCM City Customs Department has sent a notification on applying coercive measures for one enterprise owing tax of nearly VND100 billion to a related unit.

A company enforced to block account for tax debt of over VND185 million

10:00 | 26/08/2022 Anti-Smuggling

VCN – Huu Nghi Border Gate Customs Branch under Lang Son issued a decision applying coercive measures by deducting or blocking the account for Dai Hoa Phat International Import-Export Co., Ltd due to failure to comply with Notification 286/TB-HQHN dated February 16, 2022 on tax payment, late payment interest, and fined the company VND185 million.