This is one of the notable contents of the Law on Tax Administration 2019 of Vietnam, effective from July 01, 2020. Specifically, 5 basic things to know about first-time tax registration are as follows:
Tax is a compulsory levy that citizens are obliged to pay into the State Budget. However, in the following cases, citizens will be exempted from tax debts, fines and late payment interest according to Vietnam’s regulation.
How is the procedure for cancellation of outstanding tax, late payment interest, fines for exports and imports? Thanks. Ms. Nguyen Thi Hoa in Hai Phong sent a question to LAWNET for support on April 01, 2020.
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