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CASES OF DEACTIVATION AND REACTIVATION
TAX IDENTIFICATION NUMBER IN VIETNAM

CASES OF DEACTIVATION AND REACTIVATION
TAX IDENTIFICATION NUMBER IN VIETNAM

VIVA BUSINESS CONSULTING là công ty tư vấn doanh nghiệp được tín nhiệm bởi hằng ngàn khách hàng danh tiếng từ năm 2006. VIVA cung cấp nền tảng quản lý toàn diện và nguồn lực thực thi theo cách kết hợp đồng thời của: Luật pháp và thủ tục hành chính trong kinh doanh – Quản lý thuế và kế toán – Quản trị quan hệ lao động – Quản trị tài chính doanh nghiệp – Quản trị và kiểm soát nội bộ. Năng lực của chúng tôi giúp khách hàng lường trước các rủi ro, tối ưu chi phí, kiến tạo lợi thế kinh doanh.

VIVA is a business consulting company, specializes in business compliance procedures according to local business laws and regulations since 2006. VIVA has been continuously trusted by thousands of well-known clients since 2006. We are creating added value for clients by offering one-stop business platform with exclusive and tailored-made services related to market entry and mandatory business compliances. We keep our client’s good standing in lawful and optimal manners whenever they are working and doing business in Vietnam.

Tax identification number in Vietnam

A Tax Identification Number can be locked when the tax authorities issue a notice that the business is not operating at its registered address, leading to many serious issues and legal consequences for the business. 

Following are cases of tax identification number deactivated – consequences – reactivation:

CASES THAT TAX IDENTIFICATION NUMBERS DEACTIVATED

  1. Shutdown, termination of tax liabilities for non-business organizations;
  2. Revocation of business registration certificate or equivalent license;
  3. Full division, acquisition/merger, consolidation;
  4. Notified by tax authorities that taxpayers do not operate at registered locations;
  5. An individual is dead, missing or incapacitated as prescribed by law;
  6. A foreign contractor completes or terminates the contract;
  7. Contractors, investors entering into petroleum agreements complete or terminate the agreements or transfer of all rights to enter petroleum agreements.

CONSEQUENCES AND  RULES  WHEN TAX IDENTIFICATION NUMBERS DEACTIVATED 

Tax identification numbers shall not be used in business transactions starting from the date on which tax authorities announce their deactivation;

  1. tax identification numbers of organizations shall not be reused once they are deactivated;
  2. When the tax identification number of a household or individual business is deactivated, the tax identification number of the representative of such household business will not be deactivated and shall be used to fulfill other tax liabilities of that individual; 
  3. The income earners’ tax identification numbers will be deactivated when their income payer’s tax identification number is deactivated. 
  4. When a managing unit’s tax identification number is deactivated, tax identification numbers of their dependent units must also be deactivated. 

TAX IDENTIFICATION NUMBER REACTIVATION

  1. The application for tax identification number reactivation shall be submitted to their supervisory tax authorities in the following cases:
  2. The competent authority revokes the decision on revocation of business registration certificate or equivalent license;
  3. The taxpayer wishes to resume their business operations after the tax identification number deactivation application has been sent to the tax authority, but the tax authority has yet to issue a notification on tax identification number deactivation;
  4. The tax authority has issued an announcement that the taxpayer does not have business operation at the registered address but has not revoked the license or deactivated the tax identification number.

The use of a tax identification number may be resumed from the effective date of the decision to restore legal status issued by the business 

Do contact VIVA Business Consulting should you have any any query or question about regulations on Vietnam Tax Identification Number.

ABOUT VIVA BUSINESS CONSULTING

VIVA is the local expertise for local business compliance procedures, has been trusted by thousands of foreign investors, multinational companies from Europe, Japan, Singapore, India, Korea, USA… for the required business compliance procedures by local laws and regulations since 2006.

Thanks for consistent of practice expertise in Business laws - Employment relations – Tax and accounting – Corporate finance – Corporate services,  VIVA has been successfully providing service for thousands of leading companies in such industries: Garment, energy, pharma, advertising, agricultural…

VIVA keeps its signature by offering one-stop business platform with regard to market entry and the mandatory business compliances. We ensure for our client’s good standing, in lawful and optimal manners whenever they are working and doing business in Vietnam.

 

VIVA not only manage business required procedures by laws but firstly places client’s compliance and good standing, in the optimal methods when offering any solution, and integrated with our intensive resources that allow us to prevent most of the risks in advance, create more benefits, advantages and business inspiration for entrepreneurs.

The insights and consistent backgrounds in Business Laws – Accounting and Corporate Finance – Tax Management – Labor Relations and Payroll – Serectarial and consistent with our exclusive standard operation processes, consisting of consultation – implementation – pratice operation help us fully protect client interests as one-stop solution.

YOU WILL RECEIVE

“If you ask any successful businessperson, they will always have had a great mentor at some point along the road.”

 

 

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