Important policies take effect from the beginning of January 2022

1. From January 1, 2022, the statute of limitations for sanctioning administrative violations on invoices will be increased

This is a remarkable content in   Decree 102/2021/ND-CP  amending and supplementing a number of articles of the Decrees on sanctioning of administrative violations in the field of taxes and invoices; customs, insurance business, lottery business... officially effective from January 1, 2022.

Accordingly, from January 1, 2022, the statute of limitations for sanctioning administrative violations on invoices is 2 years.

(Currently,  Decree 125/2020/ND-CP  stipulates that the statute of limitations for sanctioning is 01 year).

In addition,  Decree 102/2021  supplements regulations on sanctioning acts of losing, burning or damaging invoices as follows:

- A fine ranging from VND 4,000,000 to VND 8,000,000 shall be imposed for one of the following acts:

+ Losing, burning or damaging invoices that have been issued or purchased from tax authorities but have not yet been made;

+ Losing, burning or damaging the issued invoice (transferred to the customer) in the course of use, the seller has declared and paid tax, has documents, documents and vouchers evidencing the purchase and sale of goods, service;

+ Losing, burning or damaging invoices that have been made but have not yet declared tax;

The parties involved must make a record of the loss, fire or damage of the invoice.

(Compared with the current one, the act of "losing, burning or damaging invoices has been made but not yet declared"; and at the same time requires the parties to make a record of the incident).

2. From January 1, 2022, the e-commerce floor is not required to declare tax on behalf of the seller

Circular 100/2021/TT-BTC  amending and supplementing  Circular 40/2021/TT-BTC  guiding VAT, PIT and tax administration for business households and individuals, effective from January 1, 2022.

Accordingly, amending regulations on organizations to declare tax on behalf of individuals and pay taxes on behalf of individuals specified at Point dd, Clause 1, Article 8 of Circular 40/2021.

Specifically, organizations, including the owners of E-commerce trading floors, make tax declarations on behalf of individuals and pay taxes on behalf of individuals on the basis of authorization in accordance with the provisions of civil law.

Currently, Circular 40/2021/TT-BTC stipulates that the organization that is the owner of an e-commerce exchange, the owner of an e-commerce platform, shall declare and pay tax on behalf of the seller according to the agency's roadmap. tax office.

Thus, from January 1, 2022, the e-commerce platform will not have to declare tax on behalf of, or pay tax on behalf of, if the seller does not authorize it.

3. Increase the deposit level of labor export enterprises from 01/01/2022

Decree 112/2021/ND-CP  guiding the  Law on Vietnamese workers working abroad under contracts , effective from January 1, 2022.

Accordingly, the regulations on deposit levels of labor export enterprises are as follows:

- The enterprise makes a deposit of  VND 2,000,000,000  (Two billion VND) at a bank, foreign bank branch lawfully established and operating in Vietnam (hereinafter referred to as the deposit receiving bank) .

- Service enterprises that assign tasks to branches to perform service activities of sending Vietnamese workers to work abroad under contracts must deposit an additional 500,000,000 VND (Five hundred million VND) for each payment. assigned branch.

(Currently,  Decree 38/2020/ND-CP  stipulates a deposit of 1,000,000,000 VND at commercial banks licensed to operate in Vietnam).

4. Adjusting prices of some securities services from 01/01/2022

 Circular 102/2021/TT-BTC stipulating service prices in the securities sector applied at securities trading organizations and commercial banks participating in the Vietnamese stock market.

Accordingly, the regulations on brokerage service prices for futures contracts applied in the derivatives market are as follows:

- Up to 5,000 VND/Index futures contract;

(Currently, the maximum limit is 15,000 VND/Index futures contract).

- Up to 8,000 VND/Government bond futures contract;

(Currently, the maximum limit is 25,000 VND/Government bond futures contract).

Note : The above prices do not include the price of derivatives trading services, position management services, and margin asset management services that the securities company submits to the Stock Exchange. Securities Depository Center according to regulations

Circular 102/2021/TT-BTC takes effect from January 1, 2022.

Jewel

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE