OnDemand Series 2023: Tax Inspection Support Program

Audit tax PIT Personal Income Tax Tax Transfer Pricing corporate tax managing audit tax

Tax Inspection Support Program 2023 would provide an in-depth overview of the Managing Tax Audit, Coporate Tax, Transfer Pricing and Personal Income Tax.

In this program, KPMG OnDemand will help businesses become more confident and ready for the upcoming tax inspection.

Đọc bản tiếng Việt

Overview

The overall tax situation in Vietnam in 2023 is assessed to be stable and improving. The government has introduced new tax policies to promote economic development and support businesses. In particular, the tax policy is adjusted to reduce the burden on businesses, especially SMEs. In addition, the government also offers tax incentives for emerging industries such as information technology, renewable energy, tourism, clean agricultural production.

However, in the process of tax inspection, businesses face various challenges, such as providing complete and accurate financial records, handling unexpected requests from the inspector. In addition, the process can be time and resource-intensive, leaving employees unable to perform other important tasks.

Directives of tax inspection

The orientation of tax inspection 2023 has many changes that businesses need to pay attention to. According to Official Letter No. 10039/BTC-TTr dated 3 October 2022 of the Ministry of Finance ("MoF") on the 2023 financial inspection and audit plan, the MoF sets out a number of directives towards the inspection and examination on the fulfillment of State Budget obligations. With regard totax and customs, the MoF specifically requests the followings:

The General Department of Taxation

Enhancing tax inspection and audit procedures with regard totransfer pricing, tax evasion, timely detecting cases of incorrect, insufficient and fraudulent tax declarations.
Managing the Value Added Tax ("VAT") refund strictly to prevent policy profiteering that results in losses to the State Budget; inspecting taxpayers with sizable refundable sums and taxpayers who appear to have used fraudulent invoicing.
Applying artificial intelligence ("AI") technologies to analyze, manage, and reconcile taxpayers' invoice usage.
Conducting tax inspections and audits, managing tax debt, and making sure that the correct amount of taxes, fees, levies, and other tax revenues are collected in a timely manner for the State Budget.

The General Department of Customs

Conducting inspections and audits on the adherence to customs and tax laws by businesses engaged in the importation and exportation of important goods.
Inspecting and auditing businesses that are exempt from import duties under incentive-driven investment sectors, businesses that process exports and import machinery and equipment from abroad, businesses that export minerals and products with mineral origins, and businesses that have experienced a significant and sudden increase in their tax refund amounts

Tax Inspection Support Program 2023

OnDemand Series 2023 - Tax inspection support program delves into topics related to issues in business operations, promising to bring businesses many practical values. KPMG will accompany you on the path to achieving your goals and remaining competitive in today's market. The tax inspection and inspection support program will cover 4 main topics including "Management of Tax Inspectors", "Corporate Taxes", "Linked Transactions", and "Personal Income Tax".