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[KPMG] GMS Flash Alert – PIT Treatment for compulsory insurances contributed overseas 

GMS Flash

On 22 December 2023, the GDT issued Official Letter No. 5862/TCT-TTKT requesting local tax authorities to intensify their focus on PIT issues to ensure taxpayers follow the appropriate policies and regulations of the Government. The main content is as below:

  • Increase desktop tax audits using data from the tax risk management system, increase electronic transactions in tax audits;
  • Enhanced review of PIT data based on the tax filing system, identify issues and assess risk; and
  • Strengthen coordination between tax authorities and competent agencies to go against tax evasion, tax fraud, and tax crimes.

As such, the tax authorities are likely to pay much more attention to PIT issues. Therefore, taxpayers need to enhance their compliance status to avoid challenges from the tax authorities.

Download Full PDF at: GMS Flash Alert on PIT issues

For more information, please visit: KPMG Vietnam


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