The Government has just issued Decree No. 291/2026/ND-CP amending and supplementing a number of articles of Decree No. 125/2020/ND-CP dated October 19, 2020 of the Government stipulating penalties for administrative violations on taxes and invoices, amended and supplemented by Decree No. 102/2021/ND-CP dated November 16, 2021 of the Government and Decree No. 310/2025/ND-CP dated December 2, 2025 of the Government.
In which, Decree No. 291/2026/ND-CP supplements Section 3 and Article 19a after Section 2 of Chapter II stipulating penalties for administrative violations of providing information for the purpose of information exchange with fines ranging from 10,000,000 VND to 100,000,000 VND.
The Decree stipulates a fine of VND 10,000,000 to VND 30,000,000 for the act of providing information at the request of tax authorities for the purpose of information exchange in accordance with Vietnamese law, international treaties, and international tax agreements to which Vietnam is a member or a signatory, exceeding the time limit by 5 days or more.
A fine of between VND 30,000,000 and VND 50,000,000 shall be imposed for the act of providing inaccurate or incomplete information as requested by the tax authority for the purpose of information exchange in accordance with Vietnamese law, international treaties, and international tax agreements to which Vietnam is a member or a signatory.
A fine of between 50,000,000 VND and 100,000,000 VND shall be imposed for one of the following acts:
- Not providing information after 15 days from the date of expiration of the information provision period or from the date of expiration of the extension of information provision period as requested by the tax authority for the purpose of information exchange according to the provisions of Vietnamese law, international treaties, international tax agreements to which Vietnam is a member or a signatory.
- Colluding and covering up taxpayers to prevent tax authorities from collecting and verifying information for the purpose of information exchange in accordance with Vietnamese law, international treaties, and international tax agreements to which Vietnam is a member or a signatory.
In parallel with the above sanctions, the Decree also stipulates remedial measures, forcing violating organizations and individuals to provide complete and accurate information as required by the tax authority.
The addition of the above sanctions aims to institutionalize the recommendations of the Global Forum on Transparency and Information Exchange for Tax Purposes (GF), ensuring deterrence and improving tax management efficiency.
Decree No. 291/2026/ND-CP takes effect from July 21, 2026.
