The Ministry of Finance has proposed raising the tax debt threshold for temporary suspension of exit from the country by 5 times compared to the previous proposal, from 50 million VND for individuals and from 500 million VND or more for businesses.
The Ministry of Finance has proposed raising the tax debt threshold for temporary suspension of exit from the country to VND50 million for individuals and VND500 million for businesses - Photo: Contributor
The Ministry of Finance has just sent a document to the Ministry of Justice asking for comments on the draft decree regulating the tax debt threshold subject to temporary suspension of exit from the country.
The Ministry of Finance said that after receiving comments from local ministries and the Vietnam Federation of Commerce and Industry, the proposed threshold for tax debt that would result in temporary suspension of exit from the country is VND50 million for individuals.
For businesses with tax debts of 500 million VND, the individual who is the legal representative of the business will be temporarily suspended from leaving the country.
The overdue tax debt period is 120 days. Thus, compared to the initial proposal when collecting comments, this proposal is 5 times higher.
Further explaining, the Ministry of Finance said that according to current regulations, if a tax debtor has a tax debt that is overdue for 120 days, the tax authority has taken measures to urge payment such as sending a debt notice, applying coercive measures such as withdrawing money from a bank account, etc.
The regulation of the tax debt threshold subject to temporary suspension of exit for overdue tax debtors is one of the measures to improve the efficiency of tax debt collection, in accordance with international practice.
Therefore, the proposal of tax debt threshold to apply temporary exit suspension measures as mentioned above, according to the assessment of the Ministry of Finance, is to ensure avoiding major impacts on the business environment, supporting taxpayers, ensuring tax debt collection...
If the above proposal is applied, the Ministry of Finance estimates that the number of people temporarily suspended from leaving the country will be quite large.
According to tax data, there are currently about 81,000 individuals and business owners with tax debts of VND50 million or more and businesses with tax debts of VND500 million or more.
According to regulations, from January 1, 2025, the tax debt threshold subject to temporary exit suspension will be implemented. Therefore, the Ministry of Finance requests the Ministry of Justice to promptly provide comments on the draft decree regulating the tax debt threshold subject to temporary exit suspension.
At the same time, the Ministry of Finance reported to the Government to issue a decree regulating the tax debt threshold subject to temporary suspension of exit under simplified procedures.
Source: https://tuoitre.vn/bo-tai-chinh-de-xuat-doanh-nghiep-no-thue-tu-500-trieu-moi-bi-tam-hoan-xuat-canh-20241225193734343.htm
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