Shall enterprises develop an operational team for the technical infrastructure system when performing e-transactions with tax authorities in Vietnam?

Shall enterprises develop an operational team for the technical infrastructure system when performing e-transactions with tax authorities in Vietnam?

Pursuant to Clause 12, Article 17 of the Law on Tax Administration 2019, the responsibilities of taxpayers are as follows:

Responsibilities of taxpayers

1. Conduct taxpayer registration and use the tax identification number as prescribed by law.

2. Declare taxes accurately, truthfully, and fully, and submit tax dossiers on time; bear legal responsibility for the accuracy, truthfulness, and completeness of tax dossiers.

3. Fully pay taxes, late payment interest, and fines on time, at the right place.

4. Comply with accounting, statistical management policies, and the use of invoices and documents as prescribed by law.

5. Accurately, truthfully, and fully record activities that generate tax obligations, tax deductions, and transactions that must declare tax information.

6. Issue and deliver invoices and documents to buyers for the exact quantity, type, and actual payment value when selling goods or providing services as prescribed by law.

7. Provide accurately, fully, and promptly, information and documents related to determining tax obligations, including information related to investment value; account number and transaction details of accounts opened at commercial banks and other credit institutions; and explain tax computation, declaration, and payment as required by tax authorities.

8. Comply with decisions, notifications, and requirements of tax authorities and official tax administrators as prescribed by law.

9. Bear responsibility for tax obligations following the law in case of a representative by law or proxy performing tax procedures incorrectly on behalf of the taxpayer.

10. Taxpayers conducting business activities in areas with IT infrastructure must conduct tax declarations, payments, and transactions with tax authorities through e-means as prescribed by law.

11. Based on the actual situation and IT equipment conditions, the Government of Vietnam provides specific regulations on taxpayers not having to submit documents in tax declaration, payment, tax refund, and other tax dossiers that the state management agencies already possess.

12. Build, manage, and operate technical infrastructure systems to ensure e-transactions with tax authorities, and apply information connectivity related to tax obligations with tax authorities.

13. Taxpayers engaging in associated transactions must prepare, store, declare, and provide documentation regarding themselves and related parties, including related parties residing in countries and territories outside of Vietnam, in compliance with the Government of Vietnam regulations.

Therefore, based on the above provisions, enterprises are required to develop an operational team for the technical infrastructure system to ensure smooth e-transactions with tax authorities.

Shall enterprises develop an operational team for the technical infrastructure system when performing e-transactions with tax authorities in Vietnam? (Image from the Internet)

Are commercial banks required to provide account number information to taxpayers in Vietnam?

Pursuant to Article 27 of the Law on Tax Administration 2019, the tasks and powers of commercial banks are as follows:

- Commercial banks participating in tax collection and collecting other state budget revenues have the following responsibilities:

+ Cooperate with tax authorities and the State Treasury in performing e-tax payments and e-tax refunds for taxpayers; processing, and reconciling data on e-tax payments and refunds;

+ Transmit and receive e-tax payment vouchers and transfer payments for state budget revenues to the State Treasury completely, accurately, and promptly in accordance with the law;

+ Support taxpayers during e-tax payments;

+ Ensure confidentiality of taxpayers' information and customs declaration data according to legal provisions.

- Provide information on account numbers according to the taxpayer's tax identification number when opening an account.

- Withhold and pay on behalf of tax obligations as per tax laws for organizations and individuals abroad engaged in e-commerce business activities generating income from Vietnam.

- Deduct money to pay taxes from the taxpayer's account, freeze accounts of taxpayers subject to enforced execution of administrative decisions on tax management at the request of tax authorities.

- In cases where taxpayers have guarantees for tax amounts, late payment interest, fines, and other state budget revenues as prescribed by this Law but fail to pay timely, the guarantor bank shall be liable to pay taxes, late payment interest, fines, and other state budget revenues within the guarantee scope on behalf of the taxpayers.

- the Government of Vietnam provides specific details for this Article.

Therefore, based on the above provisions, commercial banks are responsible for providing account number information according to the taxpayer's tax identification number when opening an account.

Are taxpayer's information protected by the tax authorities in Vietnam?

Pursuant to Article 18 of the Law on Tax Administration 2019, the duties of tax authorities are as follows:

Duties of tax authorities

1. Organize and perform the management of tax collection and other state budget revenues in accordance with tax law and other related legal provisions.

2. Promote, disseminate, and guide tax laws; publish tax procedures at the headquarters, on its website, and through various media channels.

3. Explain and provide information related to determining tax obligations for taxpayers; tax authorities are responsible for publicly announcing the tax amount payable by business households and individual businesses at the commune, ward, or commune-level town.

4. Ensure confidentiality of taxpayer's information, except for information supplied to competent authorities or publicly disclosed as prescribed by law.

5. Execute tax exemptions, reductions; write-off of tax debts, late payment interest, fines; exemptions of late payment interest, fines; non-calculation of late payment interest; deferral of tax payments; settlement of outstanding tax debts, and write-off; handle overpaid tax, late payment interest, and fines; tax refunds in accordance with this Law and other related legal provisions.

6. Confirm the taxpayer's fulfillment of tax obligations upon request as provided by law.

7. Address complaints and denunciations related to tax law enforcement as per their authority.

8. Deliver minutes, conclusions, and tax treatment decisions post-tax inspection and post-tax audit to taxpayers and explain them upon request.

9. Compensate taxpayers for damages as per the state liability law.

10. Appraise to determine the tax payable by taxpayers at the request of competent state agencies.

11. Develop and operate e-information systems and apply information technology to conduct e-transactions in tax fields.

The protection of taxpayer's information is one of the responsibilities of tax authorities.

Thus, taxpayer's information will be protected by the tax authorities.

Note: except for information provided to competent authorities or disclosed publicly according to legal regulations.