Each year, the number of tax audits of companies in Vietnam continues to grow. The tax authorities are using more sophisticated methods for targeting companies—both international and domestic companies—from across many sectors.
Tax audits can be challenging and difficult to manage, and require careful preparation, a clear strategy, and thorough understanding of how Vietnam’s tax system works. Taxpayer companies that anticipate that they will undergo a tax inspection or tax review need to look to see whether they have been previously audited—in particular, whether the prior tax audit resulted in significant collection of taxes and penalties and whether the tax issues in the prior audit are recurring or are complicated by new or different laws and regulations for the various tax periods.
Read a March 2020 report prepared by the KPMG member firm that includes information about “tax audit master classes”
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