Tax sector prevents violations of the law on management and use of invoices

VCN - In the face of complicated developments of invoicing mistakes, the tax sector is enhancing solutions to prevent, detect and promptly handle violations of the law on management and use of invoices.
Positive changes in revenue structure of tax sector Positive changes in revenue structure of tax sector
Tax sector has integrated 30 additional administrative procedures to National Public Service Portal Tax sector has integrated 30 additional administrative procedures to National Public Service Portal
Tax sector prevents fraud from VAT refund Tax sector prevents fraud from VAT refund
5844-2157-dsc-0216
Currently, invoicing mistakes remain complicated. Photo: Thuy Linh.


Invoice trading remains complicated

According to statistics, in 2017, the tax sector discovered 3,354 enterprises using 382,876illegal invoices. Tax agencies at all levels handled and collected VND96.7 billion of value added tax and corporate income tax.

In 2018, 2,983 enterprises were discovered with 58,812 illegal invoices, earning VND46.3 billion of value-added tax and corporate income tax.

In 2019, 1,137 enterprises were discovered with 54,988 illegal invoices, earning VND51 billion of value-added tax and corporate income tax.

According to the General Department of Taxation, despite initial results, invoicing mistakes remain complicated.

In fact, some organizations and individuals have taken advantage of the State's open policy on conditions for enterprise establishment; the mechanism of self-declaration and self-payment of taxes; mechanism of self-printing, issuance, and management anduse of invoices to establish, purchase, sell and merge enterprises in order to print, issue, and use illegal invoices to evade tax, refund tax, make illegal profit, causing loss of state budget revenue.

Stop violations on invoices

To prevent, detect and handle violations of the law on invoices, the General Department of Taxation requested tax departments to enhance solutions to prevent, detect and promptly handle violations of law on management and use of invoices.

The General Department of Taxation required tax agencies at all levels to organize the identification of enterprises with risks of illegal printing, issuance, use and sale of invoices; grasp behaviors and methods of organizations, individuals and enterprises using, buying and selling illegal invoices.

At the same time, to collect data about taxpayers, especially suspicious transactions from the banking supervisory authority; and information from other state management agencies; make a list of taxpayers with risks of printing, issuance; using and trading of illegal invoices, thereby reviewing and analyzing collected data about taxpayers to identify taxpayers atrisk of invoices.

The General Department of Taxation also required tax agencies at all levels to conduct close supervision for taxpayers at high risk of invoices, in which assigning units to monitor and strictly control printing and issuance, management and use of invoices for taxpayers; check and review tax declaration dossiers of taxpayers with regular high risks on invoices (monthly and quarterly).

Tax authorities also have to check and review the sale of single invoices, avoiding using single invoices to validate inputs, or as documents to implement settlement with the state budget, and organize inspections for enterpriseswith high risks of taxes and invoices.

The General Department of Taxation also required competent units of tax agencies to verify the taxpayer's operating status at the address registered with the tax agencies.Those that do not operate at the registered addresses shall be publicized on the website of the tax sector and shall be sanctioned.

Tax agencies at all levels also need to coordinate closely with the police agency to verify the origin of goods, verify buyers and sellers from beginning to end; closely coordinate, provide sufficient information and documents at the request of the police agency during investigation and settlement.

In the future, the tax agency will promote communication through mass media and open letters to raise awareness, create consensus and support from the business community and society and to minimize illegal invoice trading.

Hai Phong: Establish 15 firms selling fraudulent invoices worth VND 5,000 billion Hai Phong: Establish 15 firms selling fraudulent invoices worth VND 5,000 billion

VCN – Hai Phong City Police discovered a line of trading fraudulent invoices with a total value ...

In particular, the General Department of Taxation emphasized that tax agencies at all levels need to study and train to be ready for the use of e-invoices nationwide according to Government’s Decree No. 119/2018 / ND-CP.

By Thuy Linh/ Huyen Trang

Related News

Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there are still difficulties, the economy is gradually returning to a high growth trajectory. In that context, it is necessary to let fiscal policy return to normal state.
State-owned commercial banking sector performs optimistic growth, but more capital in need

State-owned commercial banking sector performs optimistic growth, but more capital in need

VCN - According to the report sent to the National Assembly before the 8th Session of the Government on investment, management and use of state capital in enterprises nationwide in 2023, the business performance of the state-owned commercial banking sector achieved positive growth.
Ba Ria-Vung Tau Customs cultivates a stronger relationship with enterprises

Ba Ria-Vung Tau Customs cultivates a stronger relationship with enterprises

VCN - Ba Ria - Vung Tau Customs Department held a conference to review the development of Customs - Business partnership.
Tax sector determines to take enterprises as the center of service

Tax sector determines to take enterprises as the center of service

VCN - That was the affirmation of Deputy General Director of the General Department of Taxation Mai Son at the Tax - Customs forum in 2024 organized by Vietnam Financial Times on the afternoon of October 16, 2024.

Latest News

M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ceiling and safety threshold approved by the National Assembly, ensuring national financial security, increasing proactive response to risks arising from external and internal causes of the economy.
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

VCN - Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment; renovating, upgrading, expanding, and constructing new construction items in projects that have been invested in and constructed in the past.
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.

More News

Striving for average CPI not to exceed 4%

Striving for average CPI not to exceed 4%

VCN - According to the report of the Ministry of Finance, there are still some factors that put pressure on price levels in the remaining months of 2024, so the Ministry has updated 2 scenarios of average inflation in 2024 increasing in the range of 3.7-3.92%.
Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

Delegating the power to the government to waive, lower, or manage late tax penalties is suitable

VCN - Discussing in groups about the project "1 law amending 7 laws" in the financial sector according to the program of the 8th Session on October 29, 2024, National Assembly delegates proposed that the Government should be assigned to make specific regulations on decentralization, granting the right to exempt and reduce taxes, and handling penalties for late payment of taxes...
Removing difficulties in public investment disbursement

Removing difficulties in public investment disbursement

VCN - According to the report of the Investment Department (Ministry of Finance), the estimated disbursement from the beginning of the year to October 31, 2024 is VND 355,616.1 billion, reaching 47.43% of the 2024 plan, reaching 52.29% of the plan assigned by the Prime Minister.
Stipulate implementation of centralized bilateral payments of the State Treasury at banks

Stipulate implementation of centralized bilateral payments of the State Treasury at banks

VCN - The Ministry of Finance (MOF) gathers feedback on the draft Circular regulating the management and use of accounts of the State Treasury opened at the State Bank of Vietnam (SBV) and commercial banks.
Rush to finalize draft decree on public asset restructuring

Rush to finalize draft decree on public asset restructuring

VCN - According to the Ministry of Finance, the draft Decree regulating the rearrangement and handling of public assets is being urgently completed by the Ministry of Finance to submit to the Government for promulgation.
Inspection report on gold trading activities being complied: SBV

Inspection report on gold trading activities being complied: SBV

The State Bank of Vietnam (SBV) has announced that inspections on compliance with legal policies in gold trading activities of credit institutions and gold trading businesses have been completed and an inspection report is being compiled.
Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

Budget revenue in 2024 is estimated to exceed the estimate by 10.1%

VCN -The Government estimates that state budget revenue in 2024 will exceed VND 172.3 trillion, up 10.1% over the estimate, of which tax and fee revenue will reach 13.1% of GDP.
Ensure timely and effective management and use of public asset

Ensure timely and effective management and use of public asset

VCN – In order to promptly and effectively implement public asset management and use, ensuring compliance with legal regulations, the Ministry of Finance has just issued an official dispatch requesting ministries, branches and localities to comply with regulations in the Government’s Decree No. 114/2024/ND-CP dated September 15, 2024.
Accelerating decentralization in public asset management

Accelerating decentralization in public asset management

VCN - Amending the Law on Management and Use of Public Assets aims to improve regulations on accelerating decentralization and improving efficiency in management and use of public assets, and promoting financial resources, ensuring that the unified application the Law on Management and Use of Public Assets and other legal documents.
Read More

Your care

Latest Most read
M&A activities show signs of recovery

M&A activities show signs of recovery

Mergers and acquisitions (M&A) activities in Vietnam have been showing signs of recovery in recent months as several large companies announced finished deals, which may create a ripple effect in the M&A market.
Fiscal policy needs to return to normal state in new period

Fiscal policy needs to return to normal state in new period

VCN - To recover the economy during and after the Covid-19 pandemic, fiscal policy has been flexibly and promptly managed, becoming a solid foundation to help businesses and the economy gradually overcome difficulties. After nearly 5 years, although there
Ensuring national public debt safety in 2024

Ensuring national public debt safety in 2024

VCN - Since the beginning of the year, public debt management has been conducted proactively and effectively, meeting the need of raising capital for development investment. At the same time, debt indicators by the end of 2024 are guaranteed within the ce
Removing many bottlenecks in regular spending to purchase assets and equipment

Removing many bottlenecks in regular spending to purchase assets and equipment

Decree No. 138/2024/ND-CP, which has just been issued, is expected to contribute to resolving bottlenecks in allocating funds for purchasing assets and equipment
Continue to handle cross-ownership in banks

Continue to handle cross-ownership in banks

VCN - The situation of excess share ownership, cross-ownership between credit institutions (CIs), CIs and enterprises, although has decreased significantly compared to previous periods, is still complicated and requires continued inspection and control.
Mobile Version