On November 16, 2021, the Government issued Decree 102/2021/ND-CP amending and supplementing a number of provisions in Decree 125/2020/ND-CP on administrative sanctions for taxes and invoices-related violations. This Decree will take effect from January 01, 2022 and include the following notable points:
(i) Increasing the statute of limitations for sanctioning invoice-related administrative violations from 01 year to 02 years;
(ii) Supplementing sanctions on a number of tax and invoices-related violation acts;
(iii) Supplementing the remedy of “reducing fines for tax and invoice-related administrative violations” and specifying circumstances, conditions and procedures for “fine reduction or exemption” under the Law on Handling Administrative Violations and the Law on Tax Administration.