Vietnam: Measures and techniques of risk management in operational activities of tax authorities

14:32, 07/01/2016

According to Vietnam’s regulations, tax authorities shall apply the measures and techniques of risk management in the operational activities: Tax registration, declaration, payment; management of tax debt and enforcement of administrative decision on tax; tax refund; tax verification and inspection; creation, printing, issue, management and use of printed materials of tax, including:

1. Application of criteria for risk management;

2. Collection and development of database system related to the taxpayers; application of information technology in risk management;

3. Assessment of compliance with law on tax, assessment and rating of risk level;

4. Analysis of risk and identification of major risks in tax management;

5. Management of risk dossier of the taxpayers to be monitored closely in the tax management at risk of non-compliance with law on tax and tax fraud;

6. Development and management and application of list of taxpayers with risks;

7. Application of operational information system to define the form, level of management, urge, verification and inspection;

8. Measurement and assessment of compliance with tax law in the tax management.

9. Monitoring, urge, verification, inspection and assessment of effect and effectiveness of taking measures to urge, verify and inspect and other operational measures in tax management to the taxpayers.

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.

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