Decree 91/2022/NĐ-CP amending and supplementing a number of articles Decree 126 detailing the Law on Tax Administration has just been promulgated by the Government, effective from October 30.
The State Bank of Viet Nam (SBV) has issued an official letter to credit institutions and foreign bank branches on information provision and coordination with tax administration agencies.
The Ministry of Finance (MoF) is seeking comments on a new draft decree that provides amendments to Decree No.126 on tax administration and Decree No.123 on invoices.
Nguyen Van Phung, director of the Department of Tax Administration at Large Enterprises from the General Department of Taxation, spoke with Viet Nam News about incentive tax policies for Indian corporations investing in the Vietnamese pharmaceutical industry
Anti-transfer pricing measures were included in the law on tax administration for the first time, but a guiding decree has not yet been written. Experts said this could mean the rules are less effective.
The Ministry of Finance makes a careful study of tax laws to collect taxes from electronic contract-based vehicles to avoid evasion and ensure a level playing field for ride-hailing and traditional taxi firms.
Tax evasion and fraud cases were becoming more complicated on a large-scale with increasingly sophisticated methods, said State Audit Office Deputy Auditor General Đoàn Xuân Tiên.