Vietnam cracks down on tax evasion

Vietnam: Vietnam tracks thousands of companies and businesses in default for billions of dong-worth taxes.

Fiscal fraud and tax evasion is major worry in large cities whose trade architecture change during periods of grace to tax payers, making traders unreliable reference in Hanoi and Ho Chi Minh City, where a large cosmetics boutiques can mutate into a carburator store by down.

A regular trick consists of requesting a period of grace for income taxes, import large volumes of products and elope as the deadline closes in.

Cat Lai customs has discovered many such cases, including some whose debt rounds two billion dongs.

In other cases, felons register as company directors illiterates who rent their ID cards for menials and without knowing the true purpose, becoming later scapegoats. Delayed tax payment policy that encourages tax evasion exposes missing regulations and missing effective fraud detection enforcement. Hanoi, Prensa Latina