New regulations on deleting of outstanding tax, late payment interest and fines

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New regulations on deleting of outstanding tax, late payment interest and fines

On June 13, 2019, the National Assembly promulgated the Tax Administration Law, which takes effect on July 1, 2020. According to the Tax Administration Law 2019, taxpayers may have been detetel outstanding tax, late payment interest, and fines in the following cases:

(i) An enterprise or cooperative is declared bankrupt and, after making the payments in accordance with bankruptcy laws, has no other assets to pay tax, late payment interest or fines.

(ii) An individual is dead or declared dead or incapacitated by the court and does not have any assets, including inheritance, to pay the outstanding tax, late payment interest or fines.

(iii) Tax debts, late payment interest, and fines of taxpayers not falling into the cases prescribed in Items 1 and 2, which tax authorities have applied the coercive measures “Revocation of registration certificates enterprise registration, business registration certificate, cooperative registration certificate, investment registration certificate, establishment and operation license, practising license ”and tax and tax debts For late payment, this fine is over 10 years after the deadline for paying tax but cannot be recovered.

(iv) Taxpayers being individuals, business individuals, heads of households, heads of business households, owners of private enterprises and one-member limited liability companies have had the outstanding tax, late payment interest and fines cancelled before resuming the business operation or establishing a new business shall pay such debts must be paid to the State.

(v) Taxes, late payment interest, and fines for cases of natural disasters, natural disasters, epidemics that have been considered for long-term exemption of late payment interest and extended tax payment time limit. , are unable to recover production and business activities and are unable to pay taxes, late payment interest, and fines.