What is the significance of taxpayer information in tax administration in Vietnam?

What is the significance of taxpayer information in tax administration in Vietnam?

Based on Article 95 of the Tax Administration Law 2019 regarding the taxpayer information system as follows:

Taxpayer Information System

1. The taxpayer information system is a collection of information and data on taxpayers that is collected, arranged, stored, exploited, and used according to the provisions of this Law.

2. Taxpayer information serves as a basis for tax administration, forecasting the situation, formulating tax policies, assessing the compliance level of taxpayers, and preventing and detecting violations of tax law.

Thus, taxpayer information holds the following values:

[1] Basis for implementing tax administration

[2] Forecasting the situation

[3] Formulating tax policies

[4] Assessing the compliance level of taxpayers

[5] Preventing and detecting violations of tax law.

What is the significance of taxpayer information in tax administration in Vietnam? (Image from the Internet)

Who specifies the management of the taxpayer information system in detail in Vietnam?

Based on Article 96 of the Tax Administration Law 2019, regulating the construction, collection, processing, and management of the taxpayer information system as follows:

- The tax administration agency is responsible for organizing the construction, management, and development of the database, technical infrastructure of the taxpayer information system, and the tax management information system; organizing special units to perform tasks of collecting, processing, aggregating, analyzing information, forecasting, managing the database, and ensuring the maintenance and operation of the taxpayer information system and the tax management information system.

- The tax administration agency employs necessary professional measures to collect, exchange, and process domestic and foreign information, official information from tax administration agencies, and competent agencies abroad under international treaties to which the Socialist Republic of Vietnam is a member and international agreements related to the field of tax and customs for use in tax administration.

- The tax administration agency cooperates with relevant agencies, organizations, and individuals to exchange information and connect online networks.

- The Minister of Finance specifies in detail the construction, collection, processing, and management of the taxpayer information system.

Thus, it can be seen that the Minister of Finance specifies the detailed management of the taxpayer information system.

Does the State Treasury have a responsibility to provide taxpayer information to the tax authority in Vietnam?

Based on Article 98 of the Tax Administration Law 2019 regarding the responsibilities of organizations and individuals related to providing taxpayer information as follows:

- The following agencies are responsible for providing taxpayer information to the tax administration agency:

+ The agency issuing investment registration certificates, business registration certificates, and licenses for establishment and operation is responsible for providing information on the contents of the investment registration certificate, business registration certificate, cooperative registration certificate, business registration certificate, practicing license, establishment and operation license, and changes in business registration content certificates of organizations or individuals to the tax administration agency within 7 working days from the date of issuance and providing other information as required by the tax administration agency;

+ The State Treasury provides information on the amount of tax paid and refunded by taxpayers.

- The following agencies, organizations, and individuals are responsible for providing information according to the request of the tax administration agency:

+ Commercial banks provide information on transactions through accounts and account balances of taxpayers within 10 working days from the date of receiving the request from the tax administration agency;

+ The state management agency on housing and land provides information on the land use status and house ownership of organizations, households, business households, individuals, and business individuals;

+ The police agency provides and exchanges information related to combating tax-related crimes; provides information on exit, entry, and registration, manages vehicles;

+ Organizations and individuals paying income have the responsibility to provide information on income payments and the amount of tax withheld from taxpayers as requested by the tax administration agency;

+ The state management agency on commerce is responsible for providing information on the policy for managing the export, import, and transit of goods of Vietnam and abroad; information on market management.

- Related Ministries and sectors are responsible for providing taxpayer information to the tax administration agency through online network connection, exchanging electronic data daily via the taxpayer information system or through the national one-stop information portal.

- Other agencies, organizations, and individuals related to taxpayers have the responsibility to provide information in writing or electronic data on taxpayers as requested by the tax administration agency.

- the Government of Vietnam specifies this Article in detail.

Thus, it can be seen that the State Treasury is one of the agencies responsible for providing taxpayer information to the tax authority.