Guidelines for classifying taxpayers' overall risk in Vietnam

Le Truong Quoc Dat

08:30, 08/03/2023

Below is the content issued by the General Department of Taxation of Vietnam in Decision 18/QD-TCT dated 12/01/2023 on the process of applying risk management in tax administration.

According to Vietnam's Decision 18/QD-TCT, the classification of the overall risk to taxpayers in Vietnam is guided as follows:

- Time of classification: The classification of the overall risk for taxpayers is carried out on April 15, June 30, and September 30 every year, or at the request of management.

- Perform classification: The application of data analysis and risk management automatically classifies the overall risk level for taxpayers.

Classification results:

+ The application of data analysis and risk management gives the results of classifying the overall risk of taxpayers according to form 03/QTr-QLRR and the results of classifying taxpayers at high and very high risk according to form 03-1/QTr-QLRR issued together with the promulgation process attached to Vietnam's Decision 18/QD-TCT dated 12/01/2023

+ The results of the overall risk classification of taxpayers are saved in the data analysis and risk management application for tax authorities at all levels to exploit for tax management requirements.

+ The results of classifying taxpayers as high or very high risk are automatically transferred to the key control and monitoring functions by the application of data analysis and risk management.

Vietnam's Decision 18/QD-TCT takes effect from the date of signing.

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