KPMG's GMS Flash Alert - Co-ordination regime between tax authorities and Social Insurance authorities
February 18, 2022
February 2022 | KPMG in Vietnam
To enforce the collection of compulsory insurance contributions and enhance the tax administration, on 09 July 2021, the General Department of Taxation (“GDT”) and the Vietnam Social Insurance Authority signed a Regulation on data sharing and coordination No. 1999/QCPH-BHXH-TCT. On 06 December 2021, the GDT issued Official Letter
No. 4740/TCT-DNNCN guiding local tax departments on the implementation of the coordination mechanism. It is expected that tax and social insurance authorities will have stricter monitoring and more joint audits/inspections in the coming time.
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