Decree 129/2013/ND-CP, which is effective from 15 December 2013, revises the tax administrative rules on penalties for administrative violations. The key amendments are summarized below. Statute of limitations (SOL) The SOLs for procedural offences and for underpayment of tax remain unchanged at 2 years and 5 years respectively. Decree 129, however, clarifies that the SOL runs from the date the offence is committed which (for the two preceding situations) is defined as the day after the applicable tax filing date or the date the tax refund is issued. Further, Decree 120 provides that the SOL applicable for the collection of...