Legal document newsletter week 25/08/2023
STRENGTHEN COORDINATION IN TAX MANAGEMENT
On June 21, 2023, the General Department of Taxation issued Official Dispatch No. 2535/TCT-TTKT to affiliated units, tax departments of centrally-run provinces and cities, commercial banks (NHTM) and other organizations. other credit institutions on enhancing coordination in tax management. Some notable contents include the following:
1. Provide transaction information via account, account balance, transaction data
Commercial banks and credit institutions provide account transaction information, account balances, and transaction data at the request of the Director of the Tax Department to serve the purpose of inspection, examination, determination of tax obligations payable and implementation. measures to enforce administrative decisions on tax administration according to the provisions of tax law.
2. Declare, deduct, pay on behalf of tax obligations payable and track the amount transferred to overseas suppliers without permanent establishments in Vietnam with e-commerce and business activities. based on digital platforms with organizations and individuals in Vietnam
- If an individual purchases goods or services from a foreign supplier but the foreign supplier does not register tax, declare tax, or pay tax in Vietnam, commercial banks, credit institutions, and service providers will Payment intermediaries are responsible for deducting and paying on behalf of overseas suppliers;
- The Department of Taxation of Large Enterprises is responsible for notifying the Head Office of the name and website address of the overseas supplier that has not yet registered, declared and paid tax but the buyer of goods or services has made a transaction. of commercial banks, other credit institutions and organizations providing intermediary payment services.