Distinction between Branch and Business Location
Legal basis: Enterprise Law 2014, Decree 78/2015/ND-CP.
- A branch is a dependent unit of an enterprise, tasked with executing all or part of the functions of the enterprise, including the function of representation by authorization. The business lines of a branch must be consistent with the business lines of the enterprise.
- A business location is where the enterprise conducts specific business activities.
Branches and business locations have the following differences:
| Criteria | Branch | Business Location |
| Function | Has business and authorized representation functions | Only has business function |
| Accounting method | Can choose independent or dependent accounting form. Therefore, tax declaration and payment differ depending on the chosen accounting form. | Dependent on the parent company. Therefore, the parent company is responsible for tax declaration and payment for the business location. |
| Seal | The branch is allowed to engrave its own seal | Does not have its own seal |
The above is advice on the differences between branches and business locations.
Respectfully!
Individuals with tax debts from 50 million VND or more in Vietnam are temporarily suspended from exit
What are defective products, goods in Vietnam? Who are liable to compensate damages caused by defective products, goods in Vietnam?
In which cases are imported goods exempt from value added tax in Vietnam?
Form 04-DK-TCT - Taxpayer registration declaration under Circular 86 in Vietnam and Instructions
What are differences between 10-digit and 13-digit tax identification numbers in Vietnam? Which entities are eligible for those tax identification numbers in Vietnam?
Guidelines on checking tax identification numbers of business households in Vietnam in 2025
Guidelines on checking personal tax identification numbers in Vietnam in 2025
When does the tax authority in Vietnam publicly disclose taxpayer registration information on the electronic information portal?
Guidelines for supplementation of the tax declaration dossier in 2025 in Vietnam
What are details of the Form 01/NDAN - Proposal for gradual payment of tax debt in Vietnam in accordance with Circular 80?
