Cash-only store case to avoid taxes: Tax authorities send open letter at night

The act of hanging a sign "cash only" or writing ambiguous transfer content does not reduce tax obligations, but on the contrary, can become a sign of revenue concealment.

Open letter that Tax Department Region I sent out tonight, June 4

Suspicious signs of revenue concealment and tax evasion

The above content is emphasized in an open letter issued by the Tax Department of Region I tonight, June 4.

In an open letter, the Tax Department of Region I ( Hanoi City and Hoa Binh Province) said that in recent days, social networks have been spreading a lot of information related to businesses refusing to accept bank transfer payments and only accepting cash to "avoid taxes".

The tax authority affirms that according to the provisions of tax law, the revenue subject to value added tax for business households and business individuals is the revenue of all sales and service provision that the business households and business individuals are entitled to, regardless of whether the money has been collected or not.

"The act of hanging a sign "cash only" or writing ambiguous transfer content - for example "loan payment", "coffee fee", "shipping fee"... making it difficult for authorities to determine revenue does not reduce tax obligations, but on the contrary can become a sign of suspicion for revenue concealment", emphasized the Tax Department of Region I.

May be subject to criminal prosecution

From June 1, business households with revenue from 1 billion VND must pay tax on revenue instead of lump-sum tax as before - Illustration photo: QUANG DINH

According to the Tax Department of Region I, the above behavior also goes against the trend of "digital society - digital economy - digital citizen" and the policy of developing non-cash payments of the Party and State.

"In some cases, sellers request to collect additional money from buyers if payment is made by bank transfer, which not only affects the rights of buyers but also shows signs of violating the law," affirmed the Tax Department of Region I.

At the same time, this place calls on households and individuals to be alert businessmen, learn about legal regulations, not listen to and follow illegal acts such as hiding revenue, lack of transparency in economic transactions; and to declare correctly and fully revenue when selling goods and services.

The tax authority is always ready to support and encourage business households and individuals to convert and develop into enterprises to enjoy preferential policies on business investment and taxes according to Resolution No. 198 on special mechanisms and policies for private economic development.

In cases where taxpayers intentionally conceal revenue or make dishonest or incomplete tax declarations, they will be subject to additional tax collection, tax assessment, penalties for false declaration, tax evasion, or criminal prosecution.

PINK LIGHT

Source: https://tuoitre.vn/vu-cua-hang-chi-nhan-tien-mat-de-ne-thue-co-quan-thue-gui-thu-ngo-trong-dem-20250604223058909.htm