What is the TIN for enterprises that are established and operating under the investment license in Vietnam?

What is the TIN for enterprises that are established and operating under the investment license in Vietnam?

Pursuant to Clause 9, Article 8 of Decree 01/2021/ND-CP, stipulates as follows:

Enterprise code, dependent unit code of an enterprise, business location code

1. Each enterprise is granted a unique code known as the enterprise code. This code is also the TIN and social insurance participant code of the enterprise.

2. The enterprise code exists throughout the enterprise's operation and cannot be re-issued to another organization or individual. When the enterprise ceases its activities, the enterprise code is terminated.

3. The enterprise code is created, sent, and received automatically by the National Business Registration Information System, taxpayer registration Information System, and is recorded on the Business Registration Certificate.

4. State management agencies uniformly use the enterprise code to carry out state management and exchange information about the enterprise.

5. The code of a dependent unit of the enterprise is issued to the branch or representative office of the enterprise. This code is also the TIN of the branch or representative office.

6. The business location code is a 5-digit code issued in order from 00001 to 99999. This code is not the TIN of the business location.

7. In case an enterprise, branch, or representative office has its TIN invalidated due to violations of tax laws, the enterprise, branch, or representative office may not use the TIN in economic transactions from the date the Tax Authority publicly announces the invalidation of the TIN.

8. For branches or representative offices established before November 1, 2015, but not yet granted a dependent unit code, enterprises should directly contact the Tax Authority to be issued a 13-digit TIN and then carry out procedures to change registration details at the Business Registration Authority as per regulations.

9. For enterprises established and operating under an Investment License or Investment Certificate (also the Business Registration Certificate), or equivalent legal documents, the Enterprise Establishment and Securities Business License, the enterprise code is the TIN issued by the Tax Authority to the enterprise.

Therefore, it can be seen that enterprises established and operating under an Investment License have their TIN as the enterprise code.

What is the TIN for enterprises that are established and operating under the investment license in Vietnam? (Image from Internet)

Is it necessary to notify the TIN deactivation in case of shutdown of household business in Vietnam?

Pursuant to Article 92 of Decree 01/2021/ND-CP, it is stipulated as follows:

Shutdown of household business

1. When household business activities are terminated, the household must send a notification of the shutdown of household business to the district-level Business Registration Authority where it was registered. The notification must be accompanied by the following documents:

a) Notification of the TIN deactivation from the Tax Authority;

b) A copy of the minutes of the family members' meeting on the shutdown of household business, applicable if family members are registered for household business;

c) The original Business Registration Certificate for household businesses.

2. The household must fulfill all outstanding debts, including tax debts and unmet financial obligations before submitting the application to terminate household business activities, except where there is an agreement otherwise between the household and creditors. The district-level Business Registration Authority will examine the application's validity and issue a notification on the shutdown of household business.

Therefore, under the above regulations, in case of shutdown of household business, it is necessary to notify the TIN deactivation validity to the Tax Authority.

Do enterprises use a 10 or 13 digit TIN in Vietnam?

Pursuant to Article 5 of Circular 105/2020/TT-BTC, regulating the structure of TINs as follows:

TIN structure

1. TIN structure

N1N2 N3N4N5N6N7N8N9 N10 - N11N12N13

In which:

- The first two digits N1N2 are the percentage of the TIN range.

- The seven digits N3N4N5N6N7N8N9 are defined in a specific structure, increasing from 0000001 to 9999999.

- Digit N10 is the check digit.

- Three digits N11N12N13 are sequential numbers from 001 to 999.

- The hyphen (-) is a character that separates the group of the first 10 digits and the last 3 digits.

2. The enterprise code, cooperative code, dependent unit code of enterprises, cooperatives granted under the regulations of business registration, cooperative registration is the TIN.

3. Classification of TIN structure

a) The 10-digit TIN is used for enterprises, cooperatives, legal-personality organizations, or non-legal organization entities that directly incur a tax obligation; representatives of households, household businesses, and other individuals (known as independent units).

b) The 13-digit TIN and hyphen (-) used to separate the first 10 digits and the last 3 are used for dependent units and other subjects.

...

The 10-digit TIN is used for enterprises, legal-personality organizations, or non-legal entities directly incurring tax obligations.

Thus, pursuant to the above regulations, an enterprise will use a 10-digit TIN.