Vietnamese authorities to crack down on tax evasion
(VOVWORLD) - Vietnamese authorities will crack down on tax evasion by implementing strict measures to ensure individuals and businesses fulfill their tax payment obligations.
Minister of Finance Ho Duc Phoc has issued an official dispatch proposing that "those who have outstanding tax debts will not be allowed to leave the country until their debts are settled."
The government is focused on recovering tax debts, particularly in land use and lease taxes, to maintain state budget revenue, he said.
“To address the increasing tax debt issue, timely enforcement measures are needed,” he noted. In order to facilitate debt recovery, the tax authority will publicise information about negligent taxpayers in the media and work closely with other agencies to effectively enforce tax laws.