E-commerce platforms may declare and pay taxes on behalf of traders

E-commerce platforms may declare and pay taxes on behalf of traders

VCN - According to reporters, many opinions said that the draft revised Law on VAT stipulates that the VAT taxable revenue at less than VND200 million/ year, which is not consistent with the reality.
Tax Industry actively supports during the peak month of tax settlement

Tax Industry actively supports during the peak month of tax settlement

VCN - According to direction of the General Department of Taxation, local Tax departments will gather arising problems of taxpayers to issue guidance documents, including the recommendation on errors that taxpayer have made in carrying out tax finalizatio
Combating tax loss in e-commerce transactions

Combating tax loss in e-commerce transactions

VCN - Besides the results achieved, the implementation of tax management for e-commerce transactions is still limited. Therefore, the tax authority is required to review the actual tax management in localities to develop solutions to further strengthen ta
Urgently revising Decree 123 to create maximum convenience for taxpayers

Urgently revising Decree 123 to create maximum convenience for taxpayers

VCN - Faced with the urgent requirement of drafting a Decree amending and supplementing Decree 123 to soon submit it to competent authorities for approval, the General Department of Taxation is actively reviewing the draft Decree amending and supplementi
Untangling procedures for companies to import new products

Untangling procedures for companies to import new products

VCN - According to Da Nang Customs Department, during the customs procedures, the department received feedback from companies that want to expand their range of new products but are unsure about the correct customs declaration procedures and wish to avoid
Review the processes and procedures of e-commerce activities to expand and cover revenue sources

Review the processes and procedures of e-commerce activities to expand and cover revenue sources

VCN - The rapid and explosive development of many new forms of e-commerce in recent times has posed new and significant challenges for Tax agencies at all levels in tax management.
Warning of illegal e-invoice trading tricks

Warning of illegal e-invoice trading tricks

VCN - Speaking at the seminar, Mr. Do Van Truong, Director of the School of Fostering Finance Officers (Ministry of Finance) said that nowadays, electronic invoices (E-Invoices) are increasingly used in commercial transactions and become an inevitable tre
Why have nine processing enterprises enforced suspending use of invoices?

Why have nine processing enterprises enforced suspending use of invoices?

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
Strengthening support for taxpayers to enjoy policy of reducing land and water surface rents

Strengthening support for taxpayers to enjoy policy of reducing land and water surface rents

VCN - The General Department of Taxation has just requested tax departments to reduce land and water surface rents in 2022 according to Decision No. 01/2023/QD-TTg of the Prime Minister.
Difficult to collect tax debt in the field of export processing, manufacturing

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

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.
Unifying Vietnam

Unifying Vietnam's tax policy system until 2030

VCN - The tax system reform strategy until 2030, approved by the Prime Minister, has set the goal of unifying Vietnam's tax policy system to meet the resource requirements to implement the 10-year socio-economic development strategy (2021-2030).
Huu Nghi Customs freezes tax debt for 89 businesses

Huu Nghi Customs freezes tax debt for 89 businesses

VCN - The tax debt amount of 89 tax debtors is worth VND22 billion
General Department of Taxation supports online tax declaration under Circular 80/2021

General Department of Taxation supports online tax declaration under Circular 80/2021

VCN – The General Department of Taxation organized an online support session to guide tax declaration under Circular 80/2021 of the Ministry of Finance.
Upgrading invoicing software to meet regulations on reducing VAT rate

Upgrading invoicing software to meet regulations on reducing VAT rate

VCN - Resolution 43/2022/QH15 takes effect from January 11, 2022 to December 31, 2023. Tax authorities have provided guidance on making invoices for those eligible for VAT reduction.
Over 200 tax debtors named by Hanoi Tax Department

Over 200 tax debtors named by Hanoi Tax Department

VCN – According to the Hanoi Tax Department, it is forecast that the economy in 2022 will gradually recover and adapt to new conditions. However, there will still be many challenges and difficulties, especially the pandemic with new variants.
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