Stricter Measures on Tax Evasion

Vietnam is considering a new policy that would prohibit individuals with tax debts of $400 or more from traveling. This measure also extends to business representatives who owe VND100 million or more. Currently, individuals with unpaid taxes can be temporarily restricted from leaving the country, but there isn't a specific threshold that triggers this restriction.

According to the General Department of Taxation, over 6,500 individuals have been temporarily banned from leaving Vietnam this year due to tax arrears, marking a threefold increase from the previous year. The department has successfully collected VND1.341 trillion from 2,116 individuals subject to the travel ban.

The Ministry of Finance estimates that with the proposed new debt threshold, around 380,000 people could face temporary travel restrictions for outstanding tax debts. This measure is expected to further strengthen the government's efforts in tax collection and compliance.