tax_JXLD

People fill in tax form at a local office. Photo credit: Tuoi Tre

Vietnam plans to ban people from leaving the country if they personally owe VND50 million (US$2,300) in taxes or land-use fees or if a business they represent owes VND1 billion ($45,850).

The ban will take effect, for both Vietnamese and foreigners, if the debt is owed for more than 90 days, according to a bill the Finance Ministry has drafted.

If a company owes the money, its chairperson, director or general director will not be allowed to leave the country until the debt is cleared.

(Source: http://www.thanhniennews.com/)

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