Outstanding Tax debt collected in next year is higher than previous year

	Monitoring the movement of money flow of units in tax debts
	Headache with outstanding tax debts

The proportion of total tax debt on total domestic revenue has sharply decreased to 12.2% in 2014 and to 7.6% at the end of 2017. Photo: T.L

According to the report from the Ministry of Finance, as of 30th April 2018, total outstanding tax debt in the Tax sector is estimated at VND 82,877 billion. Of which, the amount of 90-day tax debts and over 90-day tax debts is over VND 50.5 trillion, accounting for 61% of the total tax debt. The amount of irrecoverable tax debts (tax debts of taxpayers who died, missing, lost civil act capacity or related to criminal liability, self-dissolved, bankrupted, stopped and left business registration addresses) is VND 32,298 billion, accounting for 39% of the total tax debt.

For recoverable debts, the General Department of Taxation has drastically and synchronously deployed measures for tax debt management such as intensifying the propagation, dissemination and guidance of regulations on tax debt for tax payers to improve the compliance of taxpayers in the implementation of tax regulations.

The General Department of Taxation has assigned a tax debt collection target to each unit and tax officer in charge of collecting tax debt; called and sent messages to directors and accountants of enterprises; issued tax debt notices to send to taxpayers.

Also, the Tax authority has regularly announced information on taxpayers who delayed tax payment in newspaper, radio and website.

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Thanks to the application of drastic measures, the amount of outstanding tax debt collected by the Tax sector has gradually increased over the years. The amount collected in the next year is always higher than the previous year. From 2011 to 2017, the average recoverable debts reached 81%, the average increase rate is 16.3% per year.

The proportion of total tax debt on total domestic revenue has sharply decreased from 12.2% in 2014 to 7.6% at the end of 2017.