The Ministry of Finance proposes cutting late tax filing penalties by 30–70% for businesses that have ceased operating but have not closed their tax code, or that no longer operate at their registered address, under a draft special-policy resolution open for public comment. The reduction is 70% if missing returns are filed by 30/6/2027, 50% from 1/7/2027 to 31/12/2027, and 30% from 1/1/2028 to 30/6/2028; household businesses using the declaration method would pay half the penalty, while those on lump-sum tax are proposed to be exempt. The ministry also proposes waiving returns for periods with no tax obligations, and the policy would not apply to cases already penalised or under investigation for tax or invoice fraud. For an illustrative business not operating at its registered address for 10 years, the estimated total payable to close its tax code is 55 million VND, of which about 23 million VND is late-payment penalties. Over 753,000 taxpayers are in these statuses for more than 10 years, about 25% of all taxpayers in the two statuses; among the roughly 287,000 enterprises and organisations in this group, 172,147 have no outstanding tax debt, about 60%.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Đề xuất giảm 70% tiền phạt chậm nộp thuế cho doanh nghiệp ngưng hoạt động
Read the original on VnExpress ↗
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