Vietnam faces increasing tax evasion and avoidance

Nguyen Duc Thanh, a senior advisor of VEPR, talks about combatting tax evasion. — VN

HANOI (Vietnam News/ANN): Vietnam faces increasing tax evasion and avoidance as policies have not kept up with reality, according to a report by Vietnam Institute for Economic and Policy Research (VEPR) and Oxfam.

Tens of thousands of businesses have been detected violating enterprise income tax rules worth up to trillions of dong per year from 2010 – 2018.