On October 23, 2024, the Government Inspectorate issued Official Letter No. 2220/TTCP-KHTH outlining the direction for the 2025 Inspection Program, which includes a focus on tax inspections of 9 groups of enterprises in 2025.
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According to this direction, the Government Inspectorate will carry out inspections on the implementation of policies, laws, and duties and powers of ministries, ministerial-level agencies, and agencies under the Government in important, major, and basic areas of their functions. This is to contribute to improving state management, identifying, preventing, and handling violations, as well as enhancing the management mechanism, policies, and laws within the areas being inspected.
The General Department of Taxation under the Ministry of Finance has been directed to focus on inspecting and auditing the following groups of enterprises:
1. Enterprises in sectors with high tax potential or risk, such as: oil and gas, petroleum, electricity, telecommunications, banking, insurance, securities, finance leasing, pharmaceuticals, real estate, construction, gold and jewelry trading, entertainment, advertising media, e-commerce, etc.
2. Large enterprises that have not been inspected or audited for several years.
3. Enterprises involved in capital transfer, brand name transfer, or project transfers.
4. Enterprises issuing stocks as dividend payments or as bonus shares.
5. Enterprises with related-party transactions, transfer pricing, or those reporting business losses for several years, or those with profits much lower than other businesses in the same industry.
6. Enterprises with high risks regarding invoices.
7. Enterprises showing signs of fraud, with risks related to tax refunds or receiving tax exemptions and reductions.
8. Enterprises that have filed tax exemption claims under Double Taxation Avoidance Agreements.
9. Enterprises involved in suspicious transactions as reported by the banking supervisory authority or customs authority.
Official Letter No. 2220/TTCP-KHTH emphasizes the importance of enhancing tax inspections to ensure that tax obligations are fulfilled fully, timely, and accurately. The General Department of Taxation will focus on inspecting, auditing, and addressing violations related to tax obligations for these 9 groups of enterprises to improve tax collection efficiency and protect the interests of the State.
Official Letter No. 2220/TTCP-KHTH was issued on October 23, 2024.
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