Vietnam: Tasks and powers of tax authorities in inspection of the financial sector

According to Article 10 of Decree No. 82/2012/NĐ-CP of Vietnam’s Government, tasks and powers of Departments under General Departments and Tax Sub-Departments in inspection of the financial sector are specified as follows:

- To formulate inspection plans and submit them to heads of agencies assigned to perform specialized inspection functions at their directly higher level for approval, and organization to implement such plans. Provincial-level Tax Departments shall guide the formulation of inspection plans of their attached Tax Sub-Departments and approve such plans.

- To inspect the observance of specialized laws, regulations on speciality – technique and management rules of sectors, fields within their management scope.

- To inspect under plans; to inspect cases showing signs of violation within their competence or at the request of heads of agencies assigned to perform specialized inspection function at their directly higher level.

- To monitor, urge and examine the implementation of their inspection conclusions, recommendations and handling decisions.

- Provincial-level Tax Departments shall monitor and examine the implementation of inspection conclusions, recommendations and handling decisions of their attached Tax Sub-Departments.

- To settle complaints, denunciations and prevent and combat corruption as prescribed by law.

- To summarize and report within their management scope to heads of agencies assigned to conduct specialized inspection functions at their directly higher level on results of specialized inspection, settlement of complaints, denunciations and corruption prevention.

- Other tasks and powers as prescribed by law.

View more details at Decree No. 82/2012/NĐ-CP of Vietnam’s Government, effective from November 25, 2012.

Le Vy

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