This is one of the important content sprescribed at the Decree No. 50/2, 2016 of the Government on penalties for administrative violations against regulations on planning and investment, takes effect on July 15, 2016.
In particular, from July 15, 2016, business households employ more than 10 regular employees; wholesale or do mobile business at a location other than that registered with the business registration authority of the district without notifying the tax authority or market surveillance authority of the area where the headquarters is located and where the business is done shall have a fine of VND 3 million – VND 5 million. Business household have failure to inaugurate the business within 06 months from the issuance date of the certificate of business household registration or suspends the business for more than 6 consecutive months without notifying the business registration authority of the district shall have a fine of VND 1 million – VND 2 million.
Also in accordance with this Decree, Violations against regulations on notifying changes to enterprise registration content may be have a fine to VND 5 million, within that a warning or a fine of VND 5 million – VND 1 million shall be imposed for notifying changes to the enterprise registration content 1 – 30 days behind schedule; a warning or a fine of VND 1 million – VND 2 million shall be imposed for notifying changes to the enterprise registration content 31 – 90 days behind schedule; a warning or A fine of VND 2 million – VND 5 million shall be imposed for notifying changes to the enterprise registration content 91 days or longer behind schedule.
A fine of VND 2 million – VND 5 million shall be imposed for failure to convert the type of business when the minimum number of members or partners or shareholders cannot be maintained for 6 consecutive months. A fine of VND 10 million – VND 20 million shall be imposed for failure to register changes to the business registration authority when charter capital is not adequately contributed as registered.
This Decree replaces the Decree No. 155/2013/ND-CP dated November 11, 2013.
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