This is new content stipulated in Government Decree No. 45/2016/ND-CP, effective from August 1, 2016.
Accordingly, taxpayers who fail to declare or incorrectly declare the name, type, quantity, weight, quality, value, commodity code, tax rate, tax amount, and origin of goods during customs procedures for export and import goods, but who have discovered the error and submitted supplementary tax declarations before customs clearance, will still be fined 10% of the underdeclared tax amount.
In addition, this Decree also stipulates a fine of 1-3 million VND for those who fail to declare or falsely declare the amount of foreign currency, Vietnamese dong in cash, or gold they carry exceeding the permitted limit when exiting the country, equivalent to 5-30 million VND; whereas previously, this fine was only applied when carrying money or gold exceeding the permitted limit of 10-30 million VND.
Specifically, the Decree increased the penalty for erasing or altering documents in registered customs files without affecting the amount of tax payable from VND 500.000 - VND 02 million to VND 01 - VND 02 million. Conversely, the penalty for swapping goods that have been inspected by customs with goods that have not been inspected by customs was reduced from VND 20 - VND 60 million to VND 20 - VND 30 million…
Sources: Decree No. 45 / 2016 / ND-CP
Services offered by EXPERTIS:
- Comprehensive accounting and tax services
- Tax policy consulting services
- Social insurance services
- Auditing services
