With thresholds of VND 10 million for individuals and VND 100 million for businesses, Vietnam’s proposed travel bans aim to boost tax compliance but face criticism for being too restrictive.

It is rare for business leaders to risk their reputations by delaying the payment of a few million VND in taxes.

Vietnam’s Tax Administration official clarifies that temporarily preventing business travel is not the most severe measure used in tax collection and is applied judiciously based on specific circumstances.

Recent cases of exit bans for unpaid taxes have highlighted concerns among business owners, especially those who face such measures over minor or disputed debts.

VietNamNet Bridge - Local planning and investment departments have released a series of warrants looking for foreign investors after discovering that they had disappeared from their given addresses.

 Besra Company on July 23 announced that they have suspended operations at Phuoc Son and Bong Mieu mine sites in the central province of Quang Nam after their bank accounts were blocked by the province’s Tax Department for delaying tax payment.

 VietNamNet Bridge – The Tax Bureau of the central province of Quang Nam has decided to take coercive methods to collect taxes from the two biggest gold mining firms in Vietnam, Phuoc Son and Bong Mieu.

 VietNamNet Bridge – The HCM City Customs Agency has imposed coercive measures force three foreign-invested companies to pay tax debts.