HCM City has asked the municipal tax authority to enhance preventative measures against tax fraud and transfer pricing to ensure tax revenue and improve business confidence.
The nation should aim at secure, sustained financing of the State Budget for the next five years by reducing deficits, increasing spending efficiency and tackling tax fraud, a new Politburo Resolution says.
Multi-level marketing companies have been discovered indulging in tax fraud worth several billion Vietnamese dong and the sale of fake goods, the Ministry of Industry and Trade''s Competitive Management Department said.
The General Department of Customs collected nearly VND160 trillion
(US$7.27 billion) in taxes and duties in the first nine months of this
year, up 13.8 per cent year-on-year.
