On October 31st, during a dialogue session with key private sector businesses, Ms. Hoàng Thị Ngọc Phi, Head of Enterprise Management Department No. 2 at the Ho Chi Minh City Tax Department, highlighted common errors businesses make in tax registration, declaration, and payment.
Therefore, when there are changes in business information such as address, industry, or legal representative, companies must submit tax registration amendment documents within 10 days from the date of change.
Representatives from various businesses attended the dialogue session with the Ho Chi Minh City Tax Department.
Regarding tax declaration, common mistakes include submitting documents past the deadline, incorrect declarations, or failing to declare taxes altogether.
Concerning tax payment, Ms. Phi emphasized that taxpayers must pay the full tax amount by the deadline specified in the notice or tax declaration form. If payment is not made after notification, the tax authority may issue a compulsory enforcement decision, including measures such as temporarily restricting the legal representative’s departure from the country.
“In cases of financial hardship, taxpayers can request an extension or installment payment for tax debts. The tax authority will review and approve based on actual circumstances, temporarily suspending enforcement during the extended period or installment arrangement,” Ms. Phi explained.
Regarding invoice-related issues, businesses often issue invoices at the wrong time (typically after the delivery of goods or completion of services), or invoices may contain errors in tax codes, unit prices, tax rates, or descriptions of goods and services.
To rectify these errors, the tax authority advises businesses to proactively notify the tax office upon discovering mistakes and make adjustments as required. If the invoice has not been sent to the buyer, a new invoice can be issued as a replacement. If the invoice has already been sent, a written agreement with the buyer and an adjusted invoice must be issued.
During the dialogue, leaders from the Ho Chi Minh City Tax Department addressed various business inquiries regarding VAT input invoice deductions, personal income tax reductions, eligibility for loss carryforward, and provided warnings and guidance to help businesses avoid errors in VAT refund applications.
Navigating the Post-Flat Tax Era: Strategic Moves for 5 Million Businesses
Approximately 5 million small businesses will transition from fixed tax payments to a self-assessment tax declaration method.
From 2026, Lump-Sum Tax Abolition: 7 Essential Tips for Businesses to Avoid Tax Declaration Errors
Revised Introduction:
The Tax Department of Dak Lak Province has recently issued detailed guidelines for local businesses, outlining the steps to fulfill their tax obligations through the declaration method.
(Note: The revision maintains the core information while enhancing clarity, conciseness, and natural English phrasing.)
Tax Authority Responds to Criticism Over Confusing Rental Property Tax Regulations
Residents highlight that the current tax regulations for individuals leasing property lack clarity, making it challenging to distinguish between property rental activities and residential services.
Can Goods Without Input Invoices After January 1, 2026, Be Sold? Tax Expert Answers
Tax experts have clarified concerns regarding the sale of goods without input invoices after January 1, 2026. They provide definitive answers to whether such goods can still be legally sold, addressing common uncertainties in the market.
When to Pay Taxes on Personal Account Income: A Comprehensive Guide
In light of the growing trend of electronic tax management, tax authorities urge individuals to clearly distinguish the nature of funds deposited into personal accounts.
