VietNamNet Bridge – The tentative suggestion on requiring
via-bank payment for the transactions of valuable products, to many people, is
just “trifle,” and raises no worry to them, because they believe they can play
tricks to dodge the laws.
The draft decree on cash payments
being compiled by the State Bank of Vietnam says that people have to pay
through banks if they want to buy real estate, stocks or cars, or motorcycles.
Nguyen Thanh Tuan, a senior
executive of VIB Bank, said the decree, if adopted, would help minimize the tax
evasion help implement the plan to go towards a non-cash economy.
The State now fails to collect
debts from trade transactions because of the wrong declarations about the value
of transactions. For example, a motorbike is sold at VND40 million, but the
invoice showed that the products is sold at VND20 million only. This means that
the taxable value has been lowered to below the actual values, thus leading to
the lower tax sums the involved parties have to pay.
Once buyers and sellers have to
make payment via banks, they would not be able to declare the wrong prices,
because they would be required to explain where the remaining VND20 million
come from.
However, Tuan thinks it would be
very difficult to implement the decree, because of the Vietnamese people’s
habit of making payment in cash. Meanwhile, businesses may play tricks to evade
tax. Especially, tax officers even show them the ways to dodge the laws.
This explains why many
enterprises keep two different accountancy systems at the same time, one for
showing to tax officers, and the other for internal use.
Linh, a housewife in Hanoi, said
she prefers making payment in cash instead of making payment through banks. “I
would rather pay in cash right at the shop on delivery. If I am required to
transfer money via bank account, I would have to go to the bank, which would
take time, and pay for the remittance service,” Linh said.
Pham Dinh Thang in the new urban
area of Linh Dam in Hanoi also said there exists the loopholes in the laws
which can be exploited to evade tax.
“My BMW X5 is priced at VND5
billion. However, the issued invoice showed that it was sold at VND3 billion
only. As such, the seller can avoid tax, while the state fails to collect tax,”
Thang said.
Thang thinks that the new
regulation, in principle, would help prevent the tax evasion. However, he is
not sure about the enforcement of the regulation, because in many cases, laws
cannot be brought into life.
Meanwhile, Nguyen Duc Viet, a
representative of a Mercedes Benz’s sales agent, said he fears the new
regulation would cause inconvenience.
According to Viet, if the
remittance goes smoothly, money would go to the targeted accounts just after
five or 10 minutes, and buyers can get deliveries soon. However, if troubles
occur, the money would only reach the targeted accounts after four hours at
least.
“No one wants to waste time to
wait. Meanwhile, they would have to pay service fee when they remit money
through banks. Therefore, I think the new regulation would be unfeasible,” Viet
said.
“People, in order to help the
state to collect debts, will have to bear a kind of fee,” Linh commented.
Tran Thuy
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