Do the applications for opening accounts in commercial banks include the TINs of taxpayers in Vietnam?

Do the applications for opening accounts in commercial banks include the TIN of taxpayers in Vietnam?

Based on the provisions of Article 35 of the Law on Tax Administration 2019 regarding the use of TINs as follows:

Use of TINs

1. Taxpayers must record the issued TIN on invoices, documents, materials when conducting business transactions; opening a deposit account at a commercial bank, or other credit institutions; declaring taxes, paying taxes, exempting taxes, reducing taxes, refunding taxes, non-taxation, registering customs declarations and conducting other tax-related transactions for all obligations to the state budget, including cases where taxpayers conduct production, business activities in many different localities.

2. Taxpayers must provide the TIN to relevant agencies, organizations, or record the TIN on the file when carrying out administrative procedures under the one-stop mechanism connected with tax management agencies.

3. Tax management agencies, the State Treasury, commercial banks coordinating the collection of the state budget, organizations authorized by tax agencies to collect taxes use the taxpayer's TIN in tax management and collecting taxes into the state budget.

4. Commercial banks, and other credit institutions must record the TIN in the account opening documents and transaction documents through the account of the taxpayer.

5. Other organizations, individuals participating in tax management use the issued TIN of the taxpayer when providing information related to the determination of tax obligations.

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Thus, taxpayers opening a deposit account at a commercial bank are required to record the TIN.

Do the applications for opening accounts in commercial banks include the TINs of taxpayers in Vietnam? (Image from the Internet)

Does the taxpayer registration certificate information include the TIN of taxpayers in Vietnam?

Based on the provisions of Clause 1, Article 34 of the Law on Tax Administration 2019 regarding the issuance of taxpayer registration certificates as follows:

Issuance of taxpayer registration certificates

1. The tax authority issues the taxpayer registration certificate to the taxpayer within 3 working days from the date of receiving a complete taxpayer registration dossier as prescribed. The information of the taxpayer registration certificate includes:

a) Name of the taxpayer;

b) TIN;

c) Number, date, month, year of the enterprise registration certificate or establishment and operation license or investment registration certificate for organizations, business individuals; number, date, month, year of the establishment decision for organizations not subject to enterprise registration; information of the identity card, citizen identification card, or passport for individuals not subject to enterprise registration;

d) tax authority directly managing.

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According to this regulation, the taxpayer registration certificate includes the following information:

- Name of the taxpayer

- TIN

- Number, date, month, year of the enterprise registration certificate or establishment and operation license, or investment registration certificate for organizations, business individuals;

Number, date, month, year of the establishment decision for organizations not subject to enterprise registration;

Information of the identity card, citizen identification card, or passport for individuals not subject to enterprise registration;

- tax authority directly managing.

Thus, the information of the taxpayer registration certificate includes the TIN.

When does the tax authority notify the TIN instead of the taxpayer registration certificate in Vietnam?

Based on Clause 2, Article 34 of the Law on Tax Administration 2019 regulating the issuance of taxpayer registration certificates as follows:

Issuance of taxpayer registration certificates

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2. The tax authority shall notify the TIN to the taxpayer instead of the taxpayer registration certificate in the following cases:

a) Individuals authorize organizations, individuals paying income to register taxpayers on behalf of the individual and their dependents;

b) Individuals carry out taxpayer registration through tax declaration files;

c) Organizations, individuals register for taxpayers to deduct taxes and pay taxes on behalf;

d) Individuals register for taxpayers for their dependents.

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Thus, the tax authority notifies the TIN to the taxpayer instead of the taxpayer registration certificate in the following cases:

- Individuals authorize organizations, individuals paying income to register taxpayers on behalf of the individual and their dependents;

- Individuals carry out taxpayer registration through tax declaration files;

- Organizations, individuals register for taxpayers to deduct taxes and pay taxes on behalf;

- Individuals register for taxpayers for their dependents.