Vietnam: Contents of applied risk management in tax management

14:11, 30/12/2015

Recently, the Ministry of Finance of Vietnam issued Circular No. 204/2015/TT-BTC providing for the application of risk management in tax management. According to this Circular, tax authorities shall apply the techniques of risk management to:

1. Management of tax registration;

2. Management and verification of tax declaration and payment;

3. Management of tax refund;

4. Identification and selection of taxpayers to perform the tax verification and inspection plan as prescribed by law;

5. Management of tax debt and enforcement of administrative decisions on tax;

6. Classification of taxpayers by application of measures to manage the creation, printing, issue, management and use of printed matters of tax;

7. Collection, analysis of information and identification of prioritized monitoring to the taxpayers having signs of violation of tax law.

8. Provision of information and data and assistance to other operational activities in the tax management.

More details can be found in Circular No. 204/2015/TT-BTC of the Ministry of Finance of Vietnam, which takes effect from February 04, 2016.

- Ngoc Duyen -

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