HCM City Customs Department collects 280 billion of tax debts

HCM City Customs Department collects 280 billion of tax debts

VCN - According to HCM City Customs Department, as of February 28, the total outstanding tax debt declined by 8.39% or over VND200 billion to VND2,207 billion compared with December 31, 2022.
Customs handles tax debt: flexibly and rigorously - Part 3: Difficult to collect and write off tax debts

Customs handles tax debt: flexibly and rigorously - Part 3: Difficult to collect and write off tax debts

VCN – The increasing tax debt raises many concerns as more and more businesses make loses, are dissolved, and no longer operate at the registered business address. Meanwhile, most bad debts are due to a lack of documents, difficulty in verification and co
Classifying tax debts to develop appropriate solutions for each

Classifying tax debts to develop appropriate solutions for each

VCN - To handle tax debts and avoid revenue loss for the State budget and remove difficulties for taxpayers, the Tax sector will focus on classifying tax debts to offer appropriate solutions for each.
Two companies’ owners suspended from exit for owning tax debts

Two companies’ owners suspended from exit for owning tax debts

VCN - The suspension will last until these companies fully pay their tax arrears.
Many solutions offered to deal with increasing tax debts

Many solutions offered to deal with increasing tax debts

VCN - The Tax sector has strengthened tax debt management and collection but tax debts have still increased, hampering tax debt handling and collection.
Why has tax debt increased?

Why has tax debt increased?

There are many reasons that lead to an increase in the tax debt of 2021 over the same period in 2020.
Many enterprises strong-armed into paying tax to State budget

Many enterprises strong-armed into paying tax to State budget

After customs authorities applied coercive measures to suspend imports and exports, many enterprises who previously delayed paying domestic tax have now completed their obligations to the State Budget
Many businesses pay taxes after being coerced

Many businesses pay taxes after being coerced

Many firms owing domestic tax have paid taxes to the State budget after the Customs authority applied a coercive measure to stop import-export procedures.
Apply law enforcement for enterprises owing more than VND11 billion in tax

Apply law enforcement for enterprises owing more than VND11 billion in tax

Saicom owes more than VND11 billion of tax at HCM City Tax Department but they intentionally delayed payment of tax so have been forced to stop customs procedures.
Less than a month to propose extension of deadline for tax payment and land rent

Less than a month to propose extension of deadline for tax payment and land rent

Taxpayers must send an application for the deadline extension of tax and land rent payment for the first time or for replacement when detecting errors to tax authority
Tax sector finds solution to ensure source of revenue due to complex development of Covid-19 pandemic

Tax sector finds solution to ensure source of revenue due to complex development of Covid-19 pandemic

The complex development of the Covid-19 pandemic is a huge risk for domestic economic activities, impacting directly on the revenue collection of tax sector
Tax sector has already settled over VND9.907 billion in tax

Tax sector has already settled over VND9.907 billion in tax

According to the latest statistics from the General Department of Taxation, as of November 2, the whole tax sector has already settled VND9.907 billion of tax.
Customs sector effectively controls tax debts

Customs sector effectively controls tax debts

General Department of Vietnam Customs is directing operational units to implement many measures to manage and recover tax arrears and regularly reports on tax debt collection
Ba Ria – Vung Tau Customs more than VND 89 billion of irrecoverable debts

Ba Ria – Vung Tau Customs more than VND 89 billion of irrecoverable debts

According to Ba Ria - Vung Tau Customs Department, as of May 31, the total amount of tax debt at the unit was more than VND 104 billion, up 8% over the same period in 2019.
Procedures for handling tax debt for insolvent taxpayers

Procedures for handling tax debt for insolvent taxpayers

VCN –The draft Circular regulating procedures and orders for handling debts under Resolution No. 94/2019 / QH14 providing tax debt relief and cancellation of late payment fines and interest for insolvent taxpayers.
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