đá bóng trực tiếpWhat is the fine for making a false declaration that causes any deficiency in taxes payable in Vietnam?

What acts does thefalse declaration that causes any deficiency in taxes payablein Vietnam include?

According to Clause 1, Article 142 of theđá bóng trực tiếp Administration Law 2019, thefalse declaration that causes any deficiency in taxes payable in Vietnam includes:

- The taxpayer incorrectly declares the basis for đá bóng trực tiếp calculation or the deductible đá bóng trực tiếp; the eligibility for đá bóng trực tiếp remission or refund. However the transactions are fully recorded in legal accounting books, invoices and other documents;

- The figures in the taxpayer’s market value determination documents or the declaration of related-party transactions are found incorrect by đá bóng trực tiếp inspectors or đá bóng trực tiếp auditors in a manner that results in Understatement of đá bóng trực tiếp payable or overstatement of đá bóng trực tiếp eligible for remission or refund;

- The taxpayer uses illegal invoices/documents or illegally uses invoices that lead to decrease in đá bóng trực tiếp payable or increase in đá bóng trực tiếp eligible for remission or refund but the buyer of goods/services under the illegal invoices is able to prove that the seller is at fault.

What is the fine for makinga false declaration that causes any deficiency in taxes payable in Vietnam? (Image from the Internet)

What is the fine for making a false declaration that causes any deficiency in taxes payable in Vietnam?

According to Article 16 ofDecree 125/2020/ND-CPon penalties for making false declaration that causes any deficiency in taxes payable in Vietnam:

* A fine which equals 20% of the underpaid đá bóng trực tiếp amount or the higher-than-prescribed amount of đá bóng trực tiếp exemption, reduction or refund shall be imposed for any of the following violations:

- Making false declaration of đá bóng trực tiếp bases or deductible đá bóng trực tiếp amounts or incorrectly determining cases of đá bóng trực tiếp exemption, reduction or refund, resulting in any deficiency in đá bóng trực tiếp amounts payable or any increase in amounts of đá bóng trực tiếp exemption, reduction or refund though economic activities have already been fully recorded in legitimate accounting books, invoices and evidencing documents;

- Making false declaration causing any reduction in payable đá bóng trực tiếp amounts or any increase in amounts of đá bóng trực tiếp exemption, reduction or refund, which does not fall into the case specified at point a of this clause though the violating taxpayer has voluntarily made a supplementary declaration and fully paid unpaid back taxes or đá bóng trực tiếp arrears to the state budget prior to the deadline for the đá bóng trực tiếp authority’s đá bóng trực tiếp inspection and examination at taxpayers' offices or premises;

- Making false declarations leading to any reduction in payable đá bóng trực tiếp amounts or any increase in amounts of đá bóng trực tiếp exemption, reduction or refund which have been determined by competent agencies’ đá bóng trực tiếp inspection and examination or administrative violation records as an act of đá bóng trực tiếp evasion if the violating taxpayer commits the first administrative violation regarding đá bóng trực tiếp evasion, has made additional declarations and fully paid đá bóng trực tiếp amounts owed to the state budget before the time of the competent agency’s issuance of the sanctioning decision, and the đá bóng trực tiếp authority has made a written record stating that this act is an act of false declaration leading to any deficiency or underpayment of taxes payable;

- Making false declarations leading to any deficiency or underpayment of taxes payable or any increase in amounts of đá bóng trực tiếp exemption reduction or refund in case of related-party transactions though the taxpayer has made market price determination dossiers, or has made and sent annexes to đá bóng trực tiếp authorities as per regulations on đá bóng trực tiếp administration applicable to enterprises with related-party transactions;

- Using illegal invoices or evidencing documents for keeping accounting records of values of purchased goods or services to reduce taxes payable or increase amounts of đá bóng trực tiếp refund, reduction or refund but, after the đá bóng trực tiếp authority’s discovering this act through their đá bóng trực tiếp inspection and examination, the buyer succeeds in proving that this act is performed through the seller’s fault and fully keeping accounts of these values in accordance with regulations.

* Remedies:

- Compelling the full payment of underpaid or deficient taxes or higher-than-prescribed amounts of đá bóng trực tiếp refund, exemption or reduction, or deferred taxes, into the state budget with respect to the acts prescribed in Clause 1, Article 16 ofDecree 125/2020/ND-CP.

If the sanctioning time limit expires, the taxpayer that is not sanctioned under the provisions of Clause 1, Article 16 ofDecree 125/2020/ND-CPmust fully pay underpaid or deficient taxes or higher-than-prescribed amounts of đá bóng trực tiếp refund, exemption or reduction, or deferred taxes, into the state budget within the time limits prescribed in Clause 6, Article 8 ofDecree 125/2020/ND-CP;

- Compelling the re-adjustment of losses, the carried-forward amounts of input VAT deductions (if any) in case of commission of the acts prescribed in Clause 1, Article 16 ofDecree 125/2020/ND-CP.

* In case where the taxpayer makes false declarations as provided in Points a, b, d of Clause 1, Article 16 ofDecree 125/2020/ND-CPwhich do not lead to any deficiency or underpayment of taxes payable or any increase in amounts of đá bóng trực tiếp exemption, reduction or refund, they shall not be sanctioned according to Article 16 ofDecree 125/2020/ND-CP, but shall be sanctioned according to Clause 3, Article 12 ofDecree 125/2020/ND-CP.

Which entities are subject to administrative penalties for đá bóng trực tiếp-related violations in Vietnam?

According to the provisions in Clause 1, Article 3 ofDecree 125/2020/ND-CP, the entitiessubject to administrative penalties for đá bóng trực tiếp-related violations in Vietnam include:

- Individual taxpayers committing đá bóng trực tiếp -related administrative violations.

In case where a taxpayer authorizes another entity or person to fulfill đá bóng trực tiếp-related obligations subject to laws on taxes and đá bóng trực tiếp administration under which a trusted party's obligations and duties to act on a taxpayer’s behalf are prescribed, and the trusted party commits any administrative violation prescribed herein, the trusted party (either person or entity) shall be sanctioned as per this Decree.

In case where, as provided by legislation on taxes and đá bóng trực tiếp administration, an entity and person obliged to act on a taxpayer’s behalf to make đá bóng trực tiếp registration, declaration or payment commits any violation prescribed in this Decree, that trusted entity or person shall be subject to the relevant đá bóng trực tiếp-related administrative penalty stated herein.

- Entities and persons involved in đá bóng trực tiếp-related administrative violations.