During the operation, businesses for many reasons may face difficulties leading to the temporary cessation of operations. So during this time, how does the business make tax declarations?
From October 19, 2020, the Government of Vietnam issued the Decree No. 126/2020/NĐ-CP on elaboration of the Law on Tax Administration. According to this Decree, there are some new points on the application of enforcement measures to tax debt as follows:
LAWNET would like to send to Customers and Members the article on 04 new points on tax administration in Vietnam according to the Decree No. 126/2020/NĐ-CP, effective from December 05, 2020.
This is one of the responsibility of regulatory authorities to provide information of commercial banks and payment service providers stipulated in the Decree No. 126/2020/NĐ-CP on Elaboration of the Law on Tax Administration of Vietnam.
Exit suspension refers to suspension or restriction from making exit for a definite period of Vietnamese citizens. Persons who have not fulfilled his/her tax obligations shall be suspended from exit from Vietnam.
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