When will money deposited into a personal account be scrutinized and subject to tax collection? Experts uncover the truth about online sales tax, gold, and real estate to help you avoid penalties.
One of the issues that many business owners are concerned about is how to declare taxes when buying and selling goods brought in from acquaintances without import documents.
Refusing bank transfers to avoid taxes is a "clever but foolish" move because Vietnamese people are used to online payments, and any establishment that only accepts cash will certainly lose customers.
Any restaurant owner who refuses bank transfers to avoid taxes will probably soon realize their mistake because they'll lose customers; I certainly won't go there again if they only accept cash.
The Nghe An Tax Department has just announced a list of dozens of businesses owing taxes totaling over 240 billion VND.
From June 15th to September 14th, the Tax Department conducted inspections and audits of 24.232 businesses, with a total amount of 26.628.560 million VND recommended for processing.
The total amount of tax debt managed by the tax authorities is estimated at VND 134.097 billion, an increase of 16,6% compared to December 31, 2021, and an increase of 13,6% compared to the same period in 2021.
Cross-border service providers such as Facebook, Google, Microsoft, TikTok, Netflix, etc., have declared and paid taxes in Vietnam totaling 5.432 billion VND.
The tax office in District 7 and Nha Be (Ho Chi Minh City) has just collected back taxes and fined an individual with a huge income from Google for "forgetting" to pay taxes, amounting to 31 billion VND.
With outstanding land tax debts totaling 658 billion VND, the My Dinh National Sports Complex has only paid over 35 billion VND to the State budget so far.
Despite presenting itself as a "highly reputable business," tax penalties seem to negate all of Phat Dat Group's achievements.
The Ho Chi Minh City Tax Department has proposed collecting taxes from individuals and organizations that rent out apartments, houses, or commercial spaces in apartment buildings.
As of December 30th, total budget revenue managed by tax authorities is estimated at 1,261 trillion VND, equivalent to 100,6% of the target set by the National Assembly at the beginning of the year.
The General Department of Taxation affirms that individuals engaged in business activities, whether on e-commerce platforms or digital platforms like YouTube, Google, etc., must declare and pay taxes.
According to tax officials, in Hanoi, 18.304 individuals and organizations received payments from Google, Facebook, and YouTube totaling 1.462 billion VND.
The General Department of Taxation has requested provincial and city tax departments to review and guide credit institutions engaged in letter of credit (L/C) services to declare and pay value-added tax (VAT) starting from 2011.
Heineken asserts that it has fully paid the 917 billion VND in back taxes but disagrees with the assessment basis provided by the General Department of Taxation.
The General Department of Taxation has decided to impose an administrative fine of over 821 billion VND on Coca-Cola Vietnam, a company representative confirmed, stating that they had made a "minor mistake".
Singers, models, and actors in Vietnam are said to have very high incomes from multiple sources, yet they face little scrutiny regarding tax compliance.
The General Department of Taxation has just issued a decision to penalize Dat Xanh Group (DXG) for tax violations during the period of 2017, amounting to over 3 billion VND.
Power Construction Consulting Joint Stock Company No. 3 was ordered to pay back taxes and fines totaling nearly 754 million VND, including 662 million VND in back taxes and the remainder in fines and late payment penalties.
Nearly 330 million VND is the amount that the Ho Chi Minh City Tax Department has collected and fined Yeah1 for administrative tax violations during the period 2014-2017.
The State Audit Office gave Unilever six months to gather documents proving its eligibility for tax exemption; however, the company failed to provide them. Therefore, the State Audit Office requested the General Department of Taxation to take measures to recover the amount of 575 billion VND from Unilever.
Following a complaint that helped the Ho Chi Minh City Tax Department recover over 148 billion VND in taxes from Nguyen Kim, an individual was rewarded and given 3 million VND.
Following the successful pilot program and tax collection from several organizations and individuals, the Ho Chi Minh City Tax Department will intensify inspections and audits of accounts generating income through social media.
Recently, a number of businesses have been penalized for tax violations, with fines ranging from several billion to hundreds of billions of dong.
Besides tax issues, Vinaconex 9 (VC9) is causing concern among shareholders due to numerous negative aspects arising from its business operations.
The Ho Chi Minh City Tax Department has identified more than 17.000 accounts with income from social media platforms and has sent summonses to over 15.000 account holders.
Within three years, a person in Quang Nam province earned over $700.000 from Google and is currently being investigated by the provincial tax authorities for potential employment.
The Ho Chi Minh City Tax Department has issued a decision to collect back taxes and fine an individual 4,1 billion VND for receiving 41 billion VND from Google and Facebook without declaring it for tax purposes.
Hotline: 0855.911.911 
RSS 
