Vietnam Finance Ministry proposes tax fines up to 100 million dong

The Ministry of Finance is drafting a decree to amend Vietnam’s tax‑penalty regulations. The proposal sets graduated fines for delayed, inaccurate or non‑cooperative tax information: 10‑30 million dong for delays of five days or more, 30‑50 million dong for providing false or incomplete data, and 50‑100 million dong for serious breaches such as willful non‑submission after a 15‑day deadline or collusion with taxpayers to obstruct data collection. The draft also mandates corrective measures, requiring violators to promptly supply accurate information.

In a related move, the Ministry issued Circular 94 to tighten supervision of taxpayers deemed high‑risk. It defines criteria for focused monitoring, including suspicious bank transactions linked to anti‑money‑laundering concerns, tax‑related criminal prosecutions, and failure to fully respond to tax authority requests. Tax agencies are instructed to cooperate with other state bodies and tax agents, promote compliance through outreach, simplify procedures and expand the use of information‑technology tools.