KPMG's Tax Alert - Enhancing audit and inspection on tax compliance
May 13, 2022
May 2022
On 17 March 2022, the General Department of Taxation (“GDT”) issued Official Letter No. 769/TCT-TTKT requesting provincial and municipal Tax Authorities to strengthen measures to prevent loss of State Budget revenue and ensure correct and sufficient tax collection. Accordingly, the GDT requests focus on tax audit and inspection of several high-risk industries and fields, in particular enterprises with high risks of tax refunds, focus on correct invoices, related party transactions, e-commerce as well as strong growth industries with expected profitability.
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