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Update news tax evasion
Tax authorities have revealed increasingly sophisticated schemes by individuals and businesses to evade taxes, with some earning hundreds of billions of dong while declaring little to no income.
On July 10, Hanoi police announced the detention of Nguyen Thi Thu Huong (born 1987, resident of Lang ward, Hanoi) for tax evasion.
A Vung Tau woman has been detained for evading over $40,000 in taxes from her livestream sales, totaling more than $2.8 million.
More than half of FDI firms in Vietnam report continuous losses despite ongoing operations. Experts warn of tax evasion tactics that could distort market competition.
Le Xuan Tung, Chairman and CEO of Phu Quy Gold Investment JSC, allegedly instructed accountant Le Thuy Quynh to avoid recording and properly accounting for income in the company’s MISA accounting software.