Vietnam: Technical Assistance Report-Taxpayer Compliance Risk Management – Tourism Compliance Improvement Plan

IMF Staff Country Reports, June 6, 2023

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Canonical URL: Vietnam: Technical Assistance Report-Taxpayer Compliance Risk Management – Tourism Compliance Improvement Plan

The report focuses on taxpayer compliance risk management (CRM)–tourism compliance improvement plan (CIP).
The capacity development activity concentrated on in-depth practical analysis of risks in the tourism sector, assessing and ranking risk, understanding behavior, developing strategies, recording this in a CIP, and planning for implementation.
A workshop and exercise were held to segment the tourism industry by multiple perspectives of risk.

Effective CRM for the tourism sector requires segmentation of the industry to reflect the many perspectives of risk.
Accurate and complete data are essential for credible risk assessments, ratings, and treatment plans that contribute to the CIP.
Provincial tax administrations will be critical to the efficient delivery of the CIP and must be integrated into the CRM process.

Establish a high-level Risk Management Steering Committee to:
- review, approve, and oversee the CIP and other key risk documents and outcomes that support the CIP.
Risk Management Board (RMB) actions:
- finalize relevant risk documentation, including the risk assessments, ratings, and treatments plans that contribute to the CIP.
- ensure analysis uses accurate and complete data.
- establish robust and effective relationships with provincial tax administrations to enable them to better understand the benefits of the CRM process and to participate in key steps for developing CIPs, including the CIP for the tourism sector.
Engage provincial tax administrations to participate in developing and implementing CIPs to ensure efficient delivery and local ownership.

Subjects: Auditing, Compliance improvement plans, Compliance risk management, Economic sectors, Financial services, Interest rate parity, International organization, Monetary policy, Public financial management (PFM), Revenue administration, Tourism
Keywords: Auditing, Compliance improvement plans, Compliance risk management, Fiscalization data, instrumentalities of the TA recipient, Interest rate parity, report constitute, RMB data needs, taxpayer return data, Tourism, tourism sector compliance improvement plan