Vietnam: From January 01, 2014, the time limit for collecting tax arrears is over the last 10 years

17:21, 18/11/2013

This is a notable content specified in Circular No. 166/2013/TT-BTC of the Ministry of Finance of Vietnam on penalties for administrative violations pertaining to taxation (hereinafter referred to as tax offenses).

According to Circular No. 166/2013/TT-BTC of the Ministry of Finance of Vietnam, taxpayers shall not incur penalties after expiration of the time limit for administrative penalties for tax offenses but are still required to pay tax arrears and late payment interest owed to the State over the last 10 years from the day on which the offense is discovered.

The taxpayer that does not apply for tax registration will have to pay every tax arrears and late payment interest that have accrued before the day on which the offense is discovered. The issuance date of the offense record shall be considered the day on which the offense is discovered.

Thoi han truy thu thue, Thong tu 166/2013/TT-BTC

Moreover, Circular No. 166/2013/TT-BTC also stipulates the period after which tax offenses are absolved, specifically as follows:

If the entity that incur an administrative penalty for a tax offense does not repeat the offense for 06 months from the warning date or for 01 years from the day on which the decision on administrative penalty for tax offense is implemented (meaning the day on which all obligations and tasks written in the decision is fulfilled, or the day on which the decision is enforced), or from the end of the time limit for implementing the decision on penalty, the entity shall be absolved of such offense.

View relevant provisions at Circular No. 166/2013/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2014.

Thu Ba

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