The newly-issued Decree on detailed implementation of the Law on Tax Management (amended) stipulates three types of tax debt relief.
The newly-issued Decree on detailed implementation of the Law on Tax Management (amended) stipulates three types of tax debt relief.
Accordingly, enterprises, which are declared bankruptcy, have conducted payments in line with the regulations of the Bankruptcy Law but have no asset to pay taxes shall be subjected to tax-debt relief.
Tax-debt relief shall also be imposed for individuals who are considered dead, missing under the law or losing his/her civil act capacity or having no asset to cover tax payment.
Except for the above two cases, tax debts which have not been paid for over ten years since the date of payment deadline or have not been collected by tax management agencies in spite of enforcing all means of coercion shall be cleared.
The Decree also stipulates that tax-debt relief on land use and land lease fees shall be in accordance with the Law on Land and its guiding documents.
The Decree will take effect since September 15, 2013.
(Source:VNNet)
