All enterprises in Vietnam should be able to file tax declarations electronically by 2008, as the General Department of Taxation is scheduled to kick start the online declarations project later this year. Truong Hai Duong, director of the General Department of Taxation's Information Technology Centre, said the department was moving forward with its plans for the electronic filing of tax forms for both domestic and foreign enterprises. The centre began providing businesses with accounting and encoding software for the transmission of tax information early last year. Several businesses have already participated in a trial programme for internal calculation, declaration and payment of taxes. In its aim to ensure accuracy in declarations, the programme will eventually do away with hard copies altogether, but is currently still using printed materials bearing encoded labels for electronic readers."We are still compiling project documents with supporting legality to protect electronically … [Read more...] about Tax returns set to hit cyber highway
Business tax returns
Ha Noi holds business course for doing tax returns online
Tax officials can reduce the paper work while enterprises can save their travel and waiting time with the online tax returns. — VNA/VNS Photo HA NOI — Ha Noi tax officials held a one-day training course yesterday for about 500 enterprises to assist with online tax returns in the capital. It was the second one-day training course held by tax officials in Ha Noi. The first took place last October and was attended by 254 enterprises, said Thai Dung Tien, Ha Noi Tax Department deputy director. Last year, the General Department of Taxation permitted tax returns to be submitted online. Ha Noi and HCM City were among the first cities to pilot the scheme. Dung said permitting tax returns to be made online saved enterprises time and money. "Instead they can do the work at any time and are not constrained by office opening hours," Dung said. "After that, they will receive a response from our department online. They can then register and sign the return and send it to the department … [Read more...] about Ha Noi holds business course for doing tax returns online
Online tax returns benefit both businesses, tax officials
Tran Ngoc Tam, deputy director of HCM City's taxation department, spoke to Dau tu (Viet Nam Investment Review) newspaper about online tax returns Can you give your opinion on the implementation of the online tax return system that has run for the last four months? More than 8,000 enterprises pay tax to our department. With such a large number of enterprises, we can't avoid delays in our work during the busiest times, such as the year-end. In this situation, online tax returns, where enterprises and officials can do tax returns via the internet, can benefit both tax officials and enterprises. It can also help enterprises familiarise themselves with online transactions. In the first stage, 110 enterprises took part in the online tax return method. Additional enterprises also showed an interest in joining the pilot project. It is much easier for the enterprises to complete the forms online as they don't have to come and wait at the department for hand-written tax return procedures. They … [Read more...] about Online tax returns benefit both businesses, tax officials
Most businesses to file tax returns electronically by 2015
The General Department of Taxation plans to develop its information technology infrastructure to ensure that at least 80 per cent of all companies will be able to file returns and pay tax online by 2015. This is one of the most important objectives of the department's five-year IT development strategy, one that will reduce the time needed for tax payment and cut administrative costs, according to the GDT's Information Technology Bureau. For the purpose, the tax sector will intensify investment in IT infrastructure to upgrade the tax-related information supply and management system. They include upgrading its current website and setting up another portal. The sector also plans to create an online personal income tax (PIT) management system linking the entire country by 2015 to change the tax management process and facilitate tax agencies to cross-check PIT. It hopes to use IT to manage all data and information relating to tax - such as declaration, payment, and accounts - to ensure … [Read more...] about Most businesses to file tax returns electronically by 2015
Finance Ministry extends personal tax returns deadline
A large number of income tax filings were late this year, necessitating the extension, said the head of the General The General Department of Taxation's Personal Income Tax Unit estimated that only about 80 percent of individual and corporate income tax filers had submitted complete dossiers by May 31. Unit head Ngo Dinh Quang said tax offices were also burdened by the large influx of last-minute filings. Online filing systems had also not been working properly, further increasing the administrative burden, he added. Online tax filings at www.tncnonline.com.vn were first authorised under the Law on Personal Income Taxation last July, but the website has proven of limited value, according to Thai Van Anh, director of the HCM City branch of KTC Assurance and Business Advisors Co. Few taxpayers had used the website due to its lack of a solid verification system that would assure taxpayers that tax authorities had received their submission, Anh said. "When it comes to tax filing, a … [Read more...] about Finance Ministry extends personal tax returns deadline