trực tiếp bóng đá euro hôm nayWhat is the penalty for using PIT of other persons to falsely declare taxable income in Vietnam?

What is the penalty for using PIT of other persons to falsely declare taxableincome in Vietnam?

Pursuant to Clause 5, Article 143 of theLaw on trực tiếp bóng đá euro hôm nay Administration 2019, regulations regarding trực tiếp bóng đá euro hôm nay evasion are as follows:

Acts of trực tiếp bóng đá euro hôm nay Evasion

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5. Using documents or materials that do not accurately reflect the nature or actual value of transactions to incorrectly determine the payable trực tiếp bóng đá euro hôm nay amount, trực tiếp bóng đá euro hôm nay exempted amount, trực tiếp bóng đá euro hôm nay reduced amount, trực tiếp bóng đá euro hôm nay refunded amount, or non-payable trực tiếp bóng đá euro hôm nay amount.

6. Incorrect declaration of export or import goods without amending trực tiếp bóng đá euro hôm nay declaration documents after customs clearance.

7. Willful non-declaration or incorrect trực tiếp bóng đá euro hôm nay declaration regarding export or import goods.

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According to Article 138 of theLaw on trực tiếp bóng đá euro hôm nay Administration 2019, it specifies:

Forms of Sanctions, Fine Levels, and Remedial Measures

1. Forms of administrative sanctions on trực tiếp bóng đá euro hôm nay management violations include:

a) Warning;

b) Fines.

2. Fine levels for administrative violations on trực tiếp bóng đá euro hôm nay management are stipulated as follows:

a) The maximum fine for acts prescribed in Article 141 of this Law shall comply with regulations on handling administrative violations;

b) Fine of 10% calculated on the under-declared trực tiếp bóng đá euro hôm nay amount or increased declared trực tiếp bóng đá euro hôm nay amount in cases of exemption, reduction, refund, or non-collection based on acts defined in point a, Clause 2, Article 142 of this Law;

c) Fine of 20% calculated on the under-declared trực tiếp bóng đá euro hôm nay amount or increased declared trực tiếp bóng đá euro hôm nay amount in cases of exemption, reduction, refund, or non-collection based on acts prescribed in Clause 1 and points b, c, Clause 2, Article 142 of this Law;

d) Fine from 1 to 3 times the evaded trực tiếp bóng đá euro hôm nay amount for acts stipulated in Article 143 of this Law.

3. Remedial measures for administrative violations on trực tiếp bóng đá euro hôm nay management include:

a) Compelling the payment of all evaded or deficient trực tiếp bóng đá euro hôm nay amounts;

b) Requiring the repayment of incorrectly exempted, reduced, refunded, or non-collected trực tiếp bóng đá euro hôm nay amounts.

4. The Government of Vietnam shall provide detailed guidance on this Article.

The act of stealing another person's personal PIT to inflate reported income can be considered as trực tiếp bóng đá euro hôm nay evasion.

Thus, individuals who steal another person's personal PIT to inflate income may be fined from 1 to 3 times the evaded trực tiếp bóng đá euro hôm nay amount.

In addition to the aforementioned fines, violators are compelled to pay the full amount of evaded taxes.

What is the penalty for using PIT of other persons to falsely declare taxable income in Vietnam?(Image from the Internet)

Who is eligible to be granted a personal PIT in Vietnam?

Based on Clause 1, Article 30 of theLaw on trực tiếp bóng đá euro hôm nay Administration 2019, the regulations on taxpayer registration are as follows:

Subjects of Taxpayer Registration and Issuance of PITs

1. Taxpayers must carry out taxpayer registration and are granted PITs by trực tiếp bóng đá euro hôm nay authorities before commencing production, business activities, or incurring obligations with the state budget.Subjects of taxpayer registration include:

a) Enterprises, organizations, and individuals conducting taxpayer registration through one-stop-shop integration with enterprise registration, cooperative registration, or business registration as stipulated by the Law on Enterprises and relevant legal provisions;

b) Organizations, individuals not falling under the cases stated in point a of this clause conduct taxpayer registration directly with trực tiếp bóng đá euro hôm nay authorities in compliance with regulations by the Minister of Finance.

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Therefore, individuals eligible to receive a personal PIT include those engaged in production, business, or arising obligations to the state budget.

Additionally, Article 4 ofCircular 86/2024/TT-BTC(effective from February 6, 2025) specifies individuals eligible for personal PITs include:

- Foreign individuals using humanitarian aid, non-refundable foreign aid to purchase goods, services with VAT in Vietnam for non-refundable aid, humanitarian aid;

- Foreign individuals practicing independent business in Vietnam in compliance with Vietnamese law, having income arising in Vietnam or incurring trực tiếp bóng đá euro hôm nay obligations in Vietnam (hereafter referred to as Foreign Contractors, Foreign Subcontractors);

- Non-resident foreign individuals engaged in electronic commerce, digital platform-based businesses, and other services with organizations, individuals in Vietnam (hereinafter referred to as Overseas Suppliers);

- Individuals responsible for withholding and paying trực tiếp bóng đá euro hôm nay on behalf of other taxpayers must declare and determine separate trực tiếp bóng đá euro hôm nay obligations compared to those of the taxpayer following legal provisions on trực tiếp bóng đá euro hôm nay management (excluding income-paying organizations when withholding and remitting personal income trực tiếp bóng đá euro hôm nay on behalf). Individuals authorized by overseas suppliers to declare, withhold, and remit trực tiếp bóng đá euro hôm nay on behalf of overseas suppliers (hereafter referred to as Organizations, Individuals Responsible for Withholding and Paying on Behalf);

- Individuals engaged in production, business activities of goods, services as regulated by law but not required to register as a household business through the business registration office following the Government of Vietnam’s regulations on household businesses; individuals conducting business in countries sharing land borders with Vietnam conducting exchange, trade at border markets, border gates, economic zones at border gates.

- Individuals with incomes subject to personal income trực tiếp bóng đá euro hôm nay (excluding business individuals).

- Individuals dependent upon taxpayers as regulated by personal income trực tiếp bóng đá euro hôm nay laws.

- Individuals authorized by trực tiếp bóng đá euro hôm nay authorities for trực tiếp bóng đá euro hôm nay collection duties.

- Other individuals with obligations to the state budget.

What are regulations onissuance of a personal PITin Vietnam?

According to Clause 3, Article 30 of theLaw on trực tiếp bóng đá euro hôm nay Administration 2019, the issuance of a personal PIT is regulated as follows:

- Individuals are issued with one unique PIT to be used throughout their lifetime. Dependents of the individual are issued PITs to reduce family circumstances for personal income taxpayers. The PIT assigned to dependents will simultaneously become the individual's PIT when the dependents incur obligations to the state budget;

- Individuals responsible for withholding and paying taxes on behalf are granted a PIT for the payment on behalf to conduct trực tiếp bóng đá euro hôm nay declarations and trực tiếp bóng đá euro hôm nay payments on behalf of the taxpayers;

- Issued PITs shall not be reused to assign to other taxpayers;

- The PIT assigned to business individuals is the PIT granted to the individual representing the business.