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New regulations on administrative sanctions for tax and invoice-related violations

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.

New regulations on administrative sanctions for tax and invoice-related violations
New regulations on administrative sanctions for tax and invoice-related violations
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