What is the current status quo on disputes and disagreement on tax?
Currently, tax disputes and disagreement give a signal on a fierce storm from many competitive factors. The Vietnamese tax authorities are attempting to enforce the law and place an emphasis on corporate tax compliance and international tax issues such as price transfer and VAT on export goods and services as well as in many traditional areas such as tax incentives and lack of consistent records and documents.
Companies can minimize delays in doing business by taking steps to prevent disputes and tax complaints, and actively controlling these issues as they arise and innovate in the solution of disputes in a timely manner. Planning by assessing tax risk or reviewing tax compliance is a viable strategy for many companies as well as assessing the actual situation of each case in the controversial or unclear areas.
How does MTP support customers?
Experts on tax disputes and liaising with the competent authorities of MTP who are knowledgeable about the working procedures of the tax authorities in Vietnam and the methods of tax authorities applied to the issues that many cause disputes in tax inspection and audits; this will assist businesses throughout each stage of tax inspections or audit or assist in resolving controversial or unclear tax issues by:
- Tax audit & inspection support service
Tax audit and inspection is a regular activity of the tax authority in the course of tax law implementation. However, most companies have difficulty in inspection and tax inspection. The reason is that the process requires companies to have a thorough understanding of tax regulations and procedures, tax inspections, plans and strategies.
On the other hand, working with tax authorities also requires highly-specialized skills. If companies use inexperienced employees to work with the tax authorities, the company may be exposed to unwanted situations. Experienced tax consultants in dealing with issues related to tax inspections and audits and working with tax authorities of tax consulting organizations can assist customers in all phases of an inspection or examination of tax.
Help companies “prevent this problem” by actively limiting tax risks
- Compile explanation document;
- Strategic risk assessment/ check, preliminary inspection and review of compliance with tax law;
- Support on applying official letters and documents guiding implementation;
- Preliminary agreement on methods of determining tax calculation prices;
- Addressing issues in the industry;
- Request and explain the law and other guidelines;
- Amend tax declaration documents and voluntarily supply information;
- Consultancy opinions
Simplify and shorten the process of inspection and audit and solution of problems at the provincial/city level, General Department of Taxation/ Ministry of Finance
- Negotiate the scope and duration of inspection and audit;
- Advise on how to respond most effectively to requests for records;
- Identify risks and develop a strategy and develop a taxpayer profile
- Address problems arising in the process of inspection and audit;
- File a complaint with a higher tax authority, as need;
- Contact the tax authority – identify and reach out to the right audience and the most effective strategy to solve the problem
Simplify and shorten the process of inspection and audit and solution of problems at the provincial/city level, General Department of Taxation/ Ministry of Finance
- Negotiate the scope and duration of inspection and audit;
- Advise on how to respond most effectively to requests for records;
- Identify risks and develop a strategy and develop a taxpayer profile
- Address problems arising in the process of inspection and audit;
- File a lawsuit with a higher tax office, or file a petition to the Court when necessary;
- Contact the tax authority – identify and reach out to the right audience and the most effective strategy to solve the problem