Early Warning System for Businesses to Prevent Tax Violation Penalties

We streamline tax management for sole proprietors and individual businesses, maximizing convenience and minimizing risk for taxpayers.

0
38

The Tax Department (Ministry of Finance) has launched an action program to support business households and individuals in complying with tax laws. The goal is to ensure that 100% of these entities fully and promptly access tax regulations, procedures, and administrative processes through self-declaration and self-payment methods.

Tax authorities aim to manage taxes for business households and individuals by maximizing convenience and minimizing risks for taxpayers. Photo: NLĐO

The program aims to create an environment where business households and individuals can confidently maintain stable production and business operations. This will gradually enhance voluntary compliance, broaden the tax base, and contribute to a stable and sustainable state budget. The program will be implemented across the tax industry starting January 1, 2026.

Tax authorities aim to ensure that 100% of managed business households and individuals receive information and guidance on current tax policies and regulations through at least one official support channel (in-person, online, or digital materials). Additionally, the goal is to achieve a minimum 90% timely tax declaration and payment rate.

The Tax Department will focus on supporting business households and individuals during the initial phase of implementing the new declaration method starting January 1, 2026, recognizing this as a critical period for long-term compliance.

Collaboration with technology solution providers (e-invoicing, accounting, tax declaration, etc.) will be strengthened to ensure practical support and equip business households and individuals with necessary tools for tax declaration and payment at reasonable costs.

Tax management for business households and individuals will prioritize convenience, risk reduction, and enhanced voluntary compliance. All tax declaration files will be automatically analyzed and checked by the IT system, which will electronically send error alerts to help minimize mistakes and avoid administrative penalties.

The Tax Department will develop an early warning and rapid support system. This system will automatically identify errors or risk indicators and promptly notify taxpayers, enabling proactive adjustments and risk mitigation.

Nationwide tax authorities will provide proactive, multi-channel support with clear responsibility assignments to tax officials. Digital platforms will be leveraged for innovative communication and support.

Initially, based on revenue thresholds and corresponding declaration deadlines, tax authorities at all levels will organize training sessions and provide direct support at business locations to ensure compliance and foster a culture of voluntary adherence.

The Tax Department emphasizes that at least 90% of issues related to tax declaration and payment will be addressed within the stipulated timeframe.

You may also like

Why Can’t Businesses Fool Tax Authorities by Underreporting Revenue to Pay Less Tax?

What does the tax authority say about businesses underreporting revenue to pay less tax?

“Business Households Calculate the ‘Divide by Two’ Strategy”

With the new tax regulations coming into effect, many small businesses are facing a tough decision. They’ve shared that to stay afloat, they’ll have no choice but to raise prices, effectively passing half of the additional costs on to their customers.

Declared and Paid Full Taxes but Still Fined Up to 8 Million VND in This Scenario

Unveiling the Penalties for Tax Declaration Errors: What Every Citizen Must Know

Navigating the complexities of tax declarations can be daunting, and errors may lead to significant penalties. It’s crucial for individuals to understand the consequences of inaccurate or fraudulent tax filings. From fines to legal repercussions, the implications of mistakes in tax declarations are far-reaching. Stay informed and ensure compliance to avoid these costly pitfalls.

Business Owners Anxious as Deadline Looms

Many traditional business owners and e-commerce sellers remain perplexed by the new regulations surrounding invoices and taxation.

Tax Alert: 5 Personal Account Transfers Subject to Taxation Starting 2026 – Essential Changes You Need to Know

Not all funds deposited into your account are subject to taxation, but it’s crucial to be aware of specific scenarios to avoid legal complications and unexpected tax liabilities.