Classification of Overall Risk Levels for Taxpayers who are Enterprises

According to Clause 1, Article 11 of Circular 31/2021/TT-BTC (effective from July 2, 2021) regarding the classification of tax risk levels for businesses, the regulations are as follows:

Regarding the classification of overall risk levels, it is stipulated as follows:

a) Taxpayers who are businesses are classified into one of the following risk levels:

a.1) Level 1: Very low-risk taxpayer.

a.2) Level 2: Low-risk taxpayer.

a.3) Level 3: Medium-risk taxpayer.

a.4) Level 4: High-risk taxpayer.

a.5) Level 5: Very high-risk taxpayer.

b) The level of risk assigned to the taxpayer is based on the results of tax law compliance evaluations in Article 10 and the criteria stipulated in Appendix II of this Circular.

c) Handling the results of the risk level classification for taxpayers who are businesses:

c.1) For taxpayers deemed to be of very high risk or high risk, management measures as stipulated in Article 22 of this Circular will be applied;

c.2) According to the requirements of tax management work in each period, taxpayers of various risk levels may continue to be classified into risk levels for tax management operations as stipulated in Clause 2 of this Article.

Sincerely!