Vietnam: Recommended focus on tax audit and inspection of high-risk industries and areas
Guidance requesting provincial and municipal tax authorities to focus on tax audit and inspection of several high-risk industries and areas
Guidance to focus on tax audit and inspection of several high-risk industries and areas
The General Department of Taxation issued guidance—Official Letter No. 769/TCT-TTKT (17 March 2022)—requesting provincial and municipal tax authorities to focus on tax audit and inspection of several high-risk industries and areas.
The recommended key focal points include:
- Invoices—review invoice usage to detect cases of illegal use
- Tax refunds—inspect cases where a tax refund has arisen
- E-commerce—particularly focus on digital businesses of foreign suppliers not having a permanent establishment in Vietnam that do business on e-commerce platforms
- Transfer pricing—actively coordinate with relevant competent authorities to exchange information and detect taxpayers with a high risk of transfer pricing, profit remittance and tax evasion
Read a May 2022 report [PDF 95 KB] prepared by the KPMG member firm in Vietnam
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