What is a business tax code in Vietnam? Instructions on how to look up the fastest business tax code in Vietnam in 2022?
What is a business tax code in Vietnam? What is the principle of granting a business tax code in Vietnam?
Pursuant to the provisions of Article 29 of the Enterprise Law 2020, the enterprise tax code is as follows:
“Article 29. Enterprise identification number
1. Enterprise code is a series of numbers created by the National Information System on Business Registration, issued to an enterprise upon its establishment and recorded on its Certificate of Business Registration. Each business has a unique code that cannot be reused for another business.
2. Enterprise identification numbers are used to fulfill tax obligations, administrative procedures and other rights and obligations.”
Accordingly, the enterprise tax code is used to fulfill tax obligations and other administrative procedures.
- Article 5 of Circular 105/2020/TT-BTC stipulating the structure of tax codes according to which there are 2 structures of tax codes including:
+ A 10-digit tax code is used for enterprises, cooperatives, organizations with legal status or organizations without legal status but directly incurring tax obligations; representatives of households, business households and other individuals (hereinafter referred to as independent units).
+ Tax code 13 digits and a dash (-) used to separate the first 10 digits and the last 3 digits are used for dependent units and other objects.
- Pursuant to the provisions of Clause 1, Article 8 of Decree No. 01/2021/ND-CP stipulating enterprise codes, accordingly:
Each enterprise is assigned a unique code called an enterprise code. This code is concurrently the tax code and the number of the enterprise participating in social insurance.
Note when using the business tax code in Vietnam? How to register for a new business tax number?
- It is necessary to note when using the enterprise tax code as follows:
+ Enter the issued tax identification number in invoices, vouchers and documents when conducting business transactions; tax declaration, tax payment, tax refund and tax transactions; open a deposit account at a commercial bank or other credit institution.
+ It is strictly forbidden to use other taxpayers' tax identification numbers.
+ When the office lease expires, if you move to another location, you must notify the tax so that the tax authority can understand the operation situation and not lock the enterprise MST.
Because when MST is locked, it will be on the watch list: leave the business location, owe too much tax or take too long without filing, or do not submit the declaration for too long. At that time, businesses will not be able to log in or submit declarations online.
- Register a new corporate tax code as follows:
Within 10 working days from the date of being granted the business registration certificate or the establishment and operation license or the investment certificate, the taxpayer shall prepare a complete dossier according to regulations and then send it to the taxpayer. to the tax office for tax registration procedures.
The tax authority will check the taxpayer's tax registration file, if the file is complete and according to the procedures, it will process the file and issue a tax identification number to the taxpayer.
It can be done directly at the Tax Department or through the postal system.
What is a business tax code in Vietnam? The fastest way to look up corporate tax codes in 2022?
Instructions on the fastest ways to look up corporate tax codes?
To look up your business tax code in Vietnam, you need to perform the following steps:
- Method 1:
+ Step 1: Access Vietnam Tax Website: http://tracuunnt.gdt.gov.vn/tcnnt/mstdn.jsp
Step 2: Select the information you want to look up:
Look up corporate MST
Look up personal income MST
+ Step 3: Enter 1 of 4 requirements:
Enter the tax code of the enterprise, individual, name of the tax paying organization or individual, or full name and address
Enter the ID/CCCD number of the representative of the business or the ID/CCCD number of the individual, then enter the confirmation code and look up.
+ Step 4: Check the information about the business you need
- Method 2:
+ Step 1: Access the website of the General Department of Taxation at the address: http://www.gdt.gov.vn/wps/portal
+ Step 2: Select Public Service
+ Step 3: Select Look up taxpayer information
+ Step 4: Enter 01 of 04 requirements: Tax ID number / Name of tax paying organization / individual / Address of business office / ID number of the representative (No need to enter all 4 information).
Then enter the Verification Code (Sequence of numbers and characters next to the Confirmation Code box)
+ Step 5: Click Look up, wait and receive the results
+ Step 6: Click on the business name to see detailed information
- Method 3:
+ Step 1: Access to TNCNONLINE.COM.VN select Look up MST
+ Step 2: Select the business category
+ Step 3: Fill in the ID card/Passport of the legal representative or the Enterprise Number (the code on the Certificate of Business Registration).
+ Step 4: Fill in the sequence of red letters and numbers in the rectangle below in the Confirm information box.
Step 5: Click on the Search box.
Above is a guide on how to look up the fastest business tax code in Vietnam in 2022 that employees and businesses need to know!
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