MORE CASES OF DISCLOSURE OF TAXPAYERS’ TAX REGISTRATION INFORMATION
On December 03, 2020, the Ministry of Finance issues the Circular No. 105/2020/TT-BTC providing guidance on tax registration.
In accordance with the new provision, apart from the cases when the taxpayers stopped their operation and completed procedures for invalidation of their tax identification numbers or not; taxpayers do not operate at the registered address, etc., the tax office shall publicly post tax registration information of taxpayers when the taxpayers have suspended their operation or business or violated the law on tax registration.
Concurrently, before having the tax identification numbers invalidated, taxpayers must perform the following obligations:
Firstly, taxpayers shall submit a report on the use of invoices in accordance with law provisions on invoice.
Next, taxpayers shall fulfill the obligation to submit the dossier on tax declaration and payment and handle the overpaid tax amounts and undiscounted value-added tax amounts (if any) in accordance with the Law on Tax Administration with the tax office.
For managing units with affiliates, all these affiliates must complete the procedures for invalidation of tax identification numbers before their managing unit’s tax identification number is invalidated.
This Circular takes effect on January 17, 2021.
