Who are subject to exit suspension if xem bóng đá trực tiếp nhà cái liabilities are not fulfilled in Vietnam from January 1, 2025?

Who are subject to exit suspension if xem bóng đá trực tiếp nhà cái liabilities are not fulfilled in Vietnam from January 1, 2025?

Pursuant to Clause 9, Article 6 of theLaw Amending the Law on Securities, Law on Accounting, Law on Independent Audit, Law on State Budget, Law on Management and Utilization of Public Property, Law on xem bóng đá trực tiếp nhà cái Management, Law on Personal Income xem bóng đá trực tiếp nhà cái, Law on National Reserves, Law on Handling Administrative Violations 2024(document effective from January 1, 2025) which provides for amendments and supplements to certain articles of the Law on xem bóng đá trực tiếp nhà cái Management as follows:

Amending and supplementing certain articles of the Law on xem bóng đá trực tiếp nhà cái Management

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9. Amending and supplementing Clause 1, Article 66 as follows:

"1. Business individuals, household business owners, individuals who are legal representatives of enterprises, cooperatives, unions of cooperatives subject to enforcement of administrative decisions on xem bóng đá trực tiếp nhà cái management, individuals who are Vietnamese exiting for settlement abroad, Vietnamese residing abroad, foreigners before exiting Vietnam must fulfill their xem bóng đá trực tiếp nhà cái liabilities; in cases where xem bóng đá trực tiếp nhà cái liabilities for unpaid xem bóng đá trực tiếp nhà cái amounts and debt periods do not meet the thresholds prescribed by the Government of Vietnam, they will be suspended from exiting in accordance with the law on exit and entry. The xem bóng đá trực tiếp nhà cái authority shall notify taxpayers in advance of the application of exit suspension measures.”

Accordingly, from January 1, 2025, theLaw Amending the Law on Securities, Law on Accounting, Law on Independent Audit, Law on State Budget, Law on Management and Utilization of Public Property, Law on xem bóng đá trực tiếp nhà cái Management, Law on Personal Income xem bóng đá trực tiếp nhà cái, Law on National Reserves, Law on Handling Administrative Violations 2024comes into effect, the following subjects will be subject to exit suspension if xem bóng đá trực tiếp nhà cái liabilities are not fulfilled:

- Business individuals, household business owners, individuals who are legal representatives of enterprises, cooperatives, unions of cooperatives subject to enforcement of administrative decisions on xem bóng đá trực tiếp nhà cái management.

- Individuals who are Vietnamese exiting for settlement abroad, Vietnamese residing abroad, and foreigners who have not fulfilled xem bóng đá trực tiếp nhà cái liabilities before exiting.

- Cases where xem bóng đá trực tiếp nhà cái liabilities on unpaid xem bóng đá trực tiếp nhà cái amounts and debt periods do not meet the thresholds prescribed by the Government of Vietnam.

Who are subject to exit suspension if xem bóng đá trực tiếp nhà cái liabilities are not fulfilled in Vietnam from January 1, 2025?(Image from the Internet)

What are procedures forexit suspension in cases of failling to fulfill xem bóng đá trực tiếp nhà cái liabilities in Vietnam?

Pursuant to Clause 3, Article 21 ofDecree 126/2020/ND-CP, the procedures for the implementation of exit suspension are regulated as follows:

(1)After reviewing and accurately determining the xem bóng đá trực tiếp nhà cái liabilities of the taxpayer, the xem bóng đá trực tiếp nhà cái authority directly managing the taxpayer shall prepare a list of individuals, legal representatives of enterprises subject to exit suspension and prepare documents according to Form 01/XC Appendix 3 ofDecree 126/2020/ND-CPsent to the immigration management authority and notify the taxpayer to fulfill xem bóng đá trực tiếp nhà cái liabilities before exiting.

(2)On the day of receiving the exit suspension document from the xem bóng đá trực tiếp nhà cái authority, the immigration management authority is responsible for implementing the exit suspension according to the regulations and publishing it on the website of the immigration management authority.

(3)If the taxpayer fulfills the xem bóng đá trực tiếp nhà cái liabilities, within 24 working hours, the xem bóng đá trực tiếp nhà cái authority shall issue a document cancelling the exit suspension according to Form 02/XC Appendix 3 ofDecree 126/2020/ND-CPsent to the immigration management authority to implement the cancellation of exit suspension according to the regulations.

If 30 days before the exit suspension period expires but the taxpayer has not fulfilled the xem bóng đá trực tiếp nhà cái liabilities, the xem bóng đá trực tiếp nhà cái authority shall send a document to extend the exit suspension according to Form 02/XC Appendix 3 ofDecree 126/2020/ND-CPto the immigration management authority and notify the taxpayer.

(4)exit suspension documents, extensions, and cancellations are sent by postal service or electronically if electronic transaction conditions are met and published on the website of the xem bóng đá trực tiếp nhà cái authority. If documents sent to taxpayers via postal service are returned and already published on the website of the xem bóng đá trực tiếp nhà cái authority, they are considered sent.

What is theresponsibility of taxpayers in Vietnam?

Pursuant to Article 17 of thexem bóng đá trực tiếp nhà cái Management Law 2019as amended by Clause 4, Article 6 of theLaw Amending the Law on Securities, Law on Accounting, Law on Independent Audit, Law on State Budget, Law on Management and Utilization of Public Property, Law on xem bóng đá trực tiếp nhà cái Management, Law on Personal Income xem bóng đá trực tiếp nhà cái, Law on National Reserves, Law on Handling Administrative Violations 2024(document effective from January 1, 2025), taxpayer responsibilities are regulated as follows:

- Perform taxpayer registration, and use of xem bóng đá trực tiếp nhà cái codes as prescribed by law.

- Accurately, truthfully, and fully declare and submit xem bóng đá trực tiếp nhà cái dossiers on time; be responsible before the law for the accuracy, truthfulness, and completeness of xem bóng đá trực tiếp nhà cái dossiers and documents provided to xem bóng đá trực tiếp nhà cái authorities during the xem bóng đá trực tiếp nhà cái dossier processing in accordance with the law on taxes.

- Pay taxes, late payment interest, and fines fully, on time, and at the correct locations.

- Comply with accounting, statistical policies, and management, use invoices, and vouchers as prescribed by law.

- Accurately, truthfully, and fully record activities that arise xem bóng đá trực tiếp nhà cái liabilities, xem bóng đá trực tiếp nhà cái deductions, and transactions that must declare information about taxes.

- Make and deliver invoices, and vouchers to buyers in the correct quantity, type, actual value paid for goods and services according to the law.

- Accurately, fully, and promptly provide information, and documents related to xem bóng đá trực tiếp nhà cái liabilities, including information on investment value; transaction accounts and contents opened at commercial banks, and other credit institutions; explain xem bóng đá trực tiếp nhà cái calculation, xem bóng đá trực tiếp nhà cái declarations, and xem bóng đá trực tiếp nhà cái payments as required by xem bóng đá trực tiếp nhà cái authorities.

- Comply with decisions, announcements, and requirements of xem bóng đá trực tiếp nhà cái authorities, and xem bóng đá trực tiếp nhà cái officials as prescribed by law.

- Be responsible for xem bóng đá trực tiếp nhà cái liabilities according to law in cases where legal or authorized representatives conduct xem bóng đá trực tiếp nhà cái procedures incorrectly.

- Taxpayers conducting business activities in regions with information technology infrastructure must perform declarations, xem bóng đá trực tiếp nhà cái payments, and transactions with xem bóng đá trực tiếp nhà cái authorities via electronic means according to the law.

- Based on the actual situation and information technology conditions, the Government of Vietnam prescribes details of taxpayer exemptions for not submitting documents in xem bóng đá trực tiếp nhà cái dossier declarations, payments, refunds, and other xem bóng đá trực tiếp nhà cái dossiers that state authorities already have.

- Develop, manage, and operate an infrastructure system to ensure electronic transactions with xem bóng đá trực tiếp nhà cái authorities, apply information connection related to xem bóng đá trực tiếp nhà cái liabilities with xem bóng đá trực tiếp nhà cái authorities.

- Taxpayers arising connected transactions are required to make, store, declare, provide dossiers of information on taxpayers and linked parties, including information on linked parties residing in countries, territories outside Vietnam as prescribed by the Government of Vietnam.