What is the Tax collection agency code in Vietnam? Is the tax collection agency code part of the tax accounting account's segment in Vietnam?

What is the Tax collection agency code in Vietnam?

According to Clause 1, Article 19 of Circular 111/2021/TT-BTC, the regulations are as follows:

Tax Collection Agency Code

1. The tax collection agency code is issued to each tax agency (including: Department of Large Corporate Taxation, Tax Department (Headquarter), Regional Tax Branch, Tax Branch) to record, reflect, and account for the amounts to be collected, already collected, to be collected, to be refunded, already refunded, to be refunded, waived, reduced, debt frozen, debt written off for the budget revenues assigned with the task of organizing state budget collection in the area assigned to manage taxes. The issuance of tax collection agency codes follows the regulations in Clause 3, Article 35 of Circular No. 77/2017/TT-BTC dated July 28, 2017, of the Ministry of Finance guiding the policies on state budget accounting and the operational activities of the State Treasury and related amending documents.

Additionally, the General Department of Taxation is assigned a code to consolidate tax accounting reports for accounting units nationwide; the Tax Department (excluding the Department of Large Corporate Taxation) is assigned a code to consolidate the tax accounting reports of the accounting units in the entire province.

2. All tax management operations must be determined with a corresponding tax collection agency code. In cases where a tax agency is assigned the task of directly managing taxpayers, but another tax agency is given the task of managing the taxpayer's collection or the tax agency managing the area receiving the allocated collection must record tax accounting, the tax agency managing the state budget revenue, and the tax agency managing the area receiving the allocated collection performs the necessary accounting procedures.

3. In the event of the establishment, division, separation, consolidation, merger, or dissolution of a tax agency, the tax collection agency codes will be implemented as follows:

a) Issuance of new tax collection agency codes to newly established tax agencies, consolidated tax agencies, divided tax agencies, or separated tax agencies. The tax collection agency code is effective according to the decision of establishment, division, separation, or consolidation by the competent state authority.

b) Termination of the validity of the codes that have been divided, consolidated, merged, or dissolved. The tax agency must carry out procedures to terminate the validity of the tax collection agency codes from the effective date of the decision by the competent state authority until the completion of tax accounting reports. The values corresponding to codes that are no longer valid will be used for archiving and information retrieval within the tax management system database.

c) The closing and opening of tax accounting periods, handing over documents related to tax accounting, opening of books, recording, and closing of books will follow the legal regulations on the division, separation, consolidation, merger, and dissolution of accounting units.

Thus, the tax collection agency code in tax management is issued to each tax agency (including: Department of Large Corporate Taxation, Tax Department (Headquarter), Regional Tax Branch, Tax Branch) to record, reflect, and account for revenues assigned with the task of organizing state budget collection in the area assigned to manage taxes.

What is the Tax collection agency code in Vietnam? Is the tax collection agency code part of the tax accounting account's segment in Vietnam? (Image from the Internet)

Is the tax collection agency code part of the tax accounting account's segment in Vietnam?

According to Article 12 of Circular 111/2021/TT-BTC, the regulations are as follows:

Input Information for the Tax Accounting Subsystem

1. Input information for the Tax Accounting Subsystem includes information reflecting the amounts to be collected, already collected, to be collected, to be refunded, already refunded, to be refunded, waived, reduced, debt frozen, debt written off for each tax agency (tax agency directly managing the taxpayer, tax agency managing the collection, tax agency managing the area receiving allocation) collected from summarizing information about taxes to be collected, already collected, to be collected, to be refunded, already refunded, to be refunded, waived, reduced, debt frozen, debt written off of the taxpayer on the Taxpayer Obligations Management Subsystem to account into the tax accounting book on the Tax Accounting Subsystem.

2. Input information for the Tax Accounting Subsystem gathered from the Taxpayer Obligations Management Subsystem must include the crucial information as follows:

a) Nature of tax management operation: Information generated from each type of tax management document related to the origin of the amount of tax to be collected, already collected, to be collected, to be refunded, already refunded, to be refunded, waived, reduced, debt frozen, debt written off as prescribed by the Law on Tax Administration and the guiding documents.

b) Information on the account segment of tax accounting includes specific details stipulated at Articles 17, 19, 20, 21, 22, 23, and 24 of this Circular, including:

b.1) Tax collection agency code;

b.2) Administrative area code;

b.3) Program code;

b.4) Sub-item code;

b.5) Provision code;

b.6) Accounting account code.

c) The budget year used for adjusting tax accounting data arising in the current year to correct errors of previous years but aggregated into the current year's tax accounting report as prescribed in point d, clause 3, Article 8 of this Circular.

d) Amount according to the nature of the tax management operation stipulated at point a of this clause.

Thus, the tax collection agency code is one of the pieces of information in the tax accounting account segment.

How is the administrative area code of the tax collection agency determined in Vietnam?

According to Clause 2, Article 20 of Circular 111/2021/TT-BTC, the administrative area code of the tax collection agency on the corresponding administrative area is determined as follows:

- All information for accounting on amounts to be collected, already collected, to be collected, to be refunded, already refunded, to be refunded, waived, reduced, debt frozen, debt written off must be determined with the corresponding administrative area code, specifically:

+ In the case where the tax collection agency code is the Tax Department, the administrative area code is determined at the provincial level.

+ In the case where the tax collection agency code is the Regional Tax Branch or Tax Branch, the administrative area code is determined at the district level.

+ In cases where the tax collection agency code is the Tax Department, Regional Tax Branch, or Tax Branch and the revenue falls under the category of revenues accounted at the commune level as provided by the State Treasury, the administrative area code is determined at the commune level.

+ In cases where the tax collection agency code is the Department of Large Corporate Taxation and state budget revenue from foreign suppliers without a permanent establishment in Vietnam, the administrative area code is identified at the central level.