Penalties for violations against regulations time limits in the field of tax and invoice in Vietnam

According to Article 10 of the Decree No. 125/2020/NĐ-CP of Vietnam’s Government, penalties for violations against regulations on tax registration time limits; notification of temporary business suspension; notification of premature business continuation are specified as follows:

1. Cautions shall be imposed for violations arising from making tax registration; notifying the temporary business suspension; notifying the premature business continuation from 1 to 10 days after expiration of the prescribed time limits under mitigating circumstances.

2. Fines ranging from VND 1,000,000 to VND 2,000,000 shall be imposed for one of the following violations:

- Making tax registration; notifying the premature business continuation from 1 to 30 days after expiration of the prescribed time limits, except the cases prescribed in clause 1 of this Article;

- Notifying the temporary business suspension after expiration of the time limits, except the cases prescribed in clause 1 of this Article;

- Failing to notify the temporary business suspension.

3. Fines ranging from VND 3,000,000 to VND 6,000,000 shall be imposed for violations arising from making tax registration; notifying the premature business continuation from 31 to 90 days after expiration of the prescribed time limits.

4. Fines ranging from VND 6,000,000 to VND 10,000,000 shall be imposed for one of the following violations:

- Making tax registration; notifying the premature business continuation from at least 91 days after expiration of the prescribed time limits;

- Failing to notify the premature business continuation without any more taxes incurred.

View more details at the Decree No. 125/2020/NĐ-CP of Vietnam’s Government, effective from December 05, 2020.

Thuy Tram

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