• Service: Tax, Global Compliance Management Services, International Tax
  • Type: Regulatory update
  • Date: 10/31/2013

Vietnam - Changes to tax administrative penalty rules  

October 31: Vietnam’s tax authorities issued a decree that amends the rules that apply with respect to penalties assessed for tax administrative violations.

Decree 129/2013/ND-CP (16 October 2013) revises the tax administrative penalty rules.

Among the changes are those made to the statute of limitations for penalty assessments. The limitations period remains at two years for tax procedures, and at five years for under-declarations. However, the five-year period is measured from the date when the violation is committed to the date of the penalty sanctioning decision (instead of from the date of the violation to the date of the tax audit minutes, as was measured under the prior rules).

Read an October 2013 report [PDF 560 KB] prepared prepared by the KPMG member firm in Vietnam: Tax Alert (October 2013)

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