Updated at 12/09/2024 - 02:17 pm
At the end of April 4, the Ministry of Public Security in coordination with the Ministry of Finance (General Department of Taxation) made a major step forward in the management and prevention of tax loss through business activities by collecting data from more than 2024 million personal accounts and 120 million business accounts, through 9 commercial banks nationwide.
This is part of the Government's strategy to strengthen tax administration, especially in the rapidly growing e-commerce sector.
Scale and scope of data collection #
The General Department of Taxation announced that, as of now, more than 90% The work of checking and synchronizing data between the Ministry of Public Security and the tax code database has been completed, Tax codes of dependents and codes not related to tax obligations or lacking identification information (ID card, CCCD) are not included. This supports the conversion to using CCCD as a tax code according to regulations.
The General Department of Taxation has also successfully implemented the integration of electronic identification accounts (VneID) into the tax management system, with 663.157 connections and 400.791 citizens accessing it.
In addition, the Ministry of Industry and Trade, the Ministry of Information and Communications and the State Bank have also begun sharing data with the General Department of Taxation, including information from 929 e-commerce websites and data from 130 organizations. in the telecommunications, advertising, broadcasting and television industries, as well as payment account information of more than 9 million organizations and 121 million individuals at 96 commercial banks.
Transaction details and account balance are the data collected #
Information collected by state agencies includes details of account transactions, account balances and other transaction data, in accordance with the provisions of Decree 126/2020 and the Law on Tax Administration 2019. The main goal is to identify individuals and online business organizations that have not yet made tax declarations. At the same time, strengthen connectivity and data sharing to support the development of e-commerce, prevent tax loss and ensure monetary security.
See more: Handbook | Things to know about providing banking transaction data to tax authorities
Data transparency: Face the risks or reap the benefits? #
In 2023, the Tax agency recorded impressive revenue from tax management on e-commerce platforms. According to estimates, the number is up to 3,5 million VND, about 146 billion USD, with a total tax collected of 97.000 billion VND, an increase of 14% compared to the previous year.
In addition, to strengthen the management of bank account information, tax authorities have also thoroughly reviewed 929 websites providing e-commerce services and 130 organizations operating in these fields such as telecommunications. , advertising, radio and television.
Businesses can face tests, inspection from tax authorities If the collected data contains errors or is suspected of not fully declaring income from business activities.
Thereby, data transparency helps create a fairer and more equitable business environment. But, it Encourage businesses to comply with the law and contribute fully and fully to the state budget Avoid countless legal risks and major penalties or tax arrears if violations are detected.
See more: Banks provide information to tax authorities: Do businesses need to worry?
This change not only greatly impacts individuals and businesses but also plays an important role in improving the efficiency of the State's tax management. Enterprise need to update and comply with new regulations, at the same time exploit opportunities from transparency and discipline in management closer. Complying with tax regulations not only helps businesses manage legal risks but also contributes to the sustainable development of the Vietnamese economy.
Businesses need to be proactive in updating information and complying with new regulations on tax administration. Use modern management tools and advice from tax experts to ensure legal compliance and optimize business operations.
