Vietnam’s tax authorities have issued a decree that amends the rules that apply with respect to penalties assessed for tax administrative violations. Decree 129/2013/ND-CP (16 October 2013) revises the tax administrative penalty rules.
Among the changes the limitations period remains at two years for tax procedures, and at five years for under-declarations. However, the five-year period is measured from the date when the violation is committed to the date of the penalty decision (instead of from the date of the violation to the date of the tax audit minutes, as was the case under the previous rules).
