In accordance with the Circular No. 95/2016/TT-BTC dated June 28, 2016 of the Ministry of Finance on guidelines for tax registration, the taxpayer shall be imposed sanctions for TIN usage as prescribed by relevant law provisions. After one year from the date on which the tax authority issued a notification of non-operation at the registered address, the tax authority shall deactivate the TIN and cooperate with business registration authority in revocation of enterprise registration certificate.
Also in accordance with this Circular, when a business entity, other entity, or household business suspends business or resumes business ahead of schedule specified in the notification, it must send a notification to the supervisory tax authority and the authority issuing establishment and operation license or certificate of household business registration at least 15 working days before the business suspension or resumption of business ahead of schedule. If a household business is exempted from business registration, it must send a notification of business suspension to the supervisory tax authority at least 1 working day before the business suspension.
The suspension duration must not exceed 1 year. When the period mentioned in the notification is overdue, if the business entity, other entity, or household business still suspend business, it must send another notification to the supervisory tax authority and the authority issuing establishment and operation license or certificate of household business registration at least 15 working days before the following period of business suspension. If a household business is exempted from business registration, it must send a notification of business suspension to the supervisory tax authority at least 1 working day before the business suspension. Total consecutive period of business suspension time must not exceed 2 years.
This Circular takes effect on August 12, 2016.
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