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Update news travel bans
A draft decree proposing temporary overseas travel suspensions for taxpayers owing from VND1 million (US$39) is stirring debate in Vietnam over whether the threshold is too low.
Tax travel bans have blocked thousands of executives, yet recover only a fraction of unpaid taxes.
Vietnam’s new Decree 49 enforces exit bans on individuals and business owners with overdue tax debts of at least 50 million VND ($2,000) for over 120 days. Legal representatives of companies owing over 500 million VND ($20,000) are also affected.