Of which, more than 500 billion VND was transferred from 2023, the rest was collected from this year's debt, including tax, fee, land revenue, late payment and others.

Officers of the Lang Giang - Luc Nam Regional Tax Branch review tax debt cases to collect debts according to regulations.

This result was achieved because the Tax sector has focused on implementing Directive No. 04/CT-BTC dated October 15, 2018 of the Minister of Finance on strengthening debt management and tax debt collection enforcement to reduce outstanding debts.

At the same time, the taxation department has actively compared and processed tax arrears data on the application program to ensure there is sufficient and accurate basis for debt collection.

The Provincial Taxation Department and regional taxation branches have enhanced coordination with commercial banks, immigration agencies and competent agencies to grasp information about accounts and invoices, thereby applying appropriate debt management and enforcement measures.

The Provincial Taxation Department promptly publicizes the list of enterprises with large and long-standing tax debts on mass media.

This year, the Tax sector targets to reduce 80% of the total recoverable debt from 2023; have outstanding debt from collectable taxes and fees 5% lower than the total amount of assigned budget revenue plan and ensure the criteria set by the General Department of Taxation and the Provincial People's Committee.

US cancels tax evasion probe into wooden cabinets imported from Vietnam

The US Department of Commerce (DOC) has ended in its entirety the probe into trade remedy tax evasion on wooden cabinets imported from Vietnam, according to the Trade Remedies Authority of Vietnam (TRAV) under the Ministry of Industry and Trade.

Corporate income tax on smaller enterprises might be cut to as little as 15%

The corporate income tax on small and micro-sized enterprises might be cut to 15-17% from a current common rate of 20%, depending on previous revenues.

Vietnamese, Russian taxation agencies ink MoU on cooperation

The General Department of Taxation of Vietnam and the Federal Taxation Service of the Russian Federation signed a Memorandum of Understanding (MoU) on bilateral cooperation in Hanoi on June 20.

Tax, land rent payment deadlines to be extended this year

Payment deadlines for value added tax (VAT), corporate income tax, personal income tax, and land rent in 2024 are set to be extended, involving a total tax value of nearly 84 trillion VND (3.3 billion USD).

Tax sector witnessed 10.7% increase in State budget revenue in first four months

Total State budget collection in the first four months of this year was estimated at 640.29 trillion VND (25.20 billion USD), equivalent to 43% of the yearly projection, representing a year-on-year rise of 10.7%, according to the General Department of Taxation.

TikTok, Facebook, and other foreign service providers pay $575M in taxes

Foreign service providers including Google, Facebook, and TikTok, have paid VND14.572 trillion (US$575 million) in taxes, according to the General Department of Taxation.