Vietnam: Composition of applications of bankrupt taxpayer?

According to Article 9 of the Circular No. 69/2020/TT-BTC of the Ministry of Finance of Vietnam, applications of bankrupt taxpayer prescribed in clause 3 Article 4 of the Resolution No. 94/2019/QH14 are as follows:

1. Application for tax debt charge-off

- A competent court's notice of the acceptance of the petition to initiate bankruptcy proceedings or the decision to initiate bankruptcy proceedings or the court's decision to declare bankruptcy but the taxpayer’s debt has not yet been written off in accordance with the Law on Tax Administration (original or certified copy);

- A petition for initiating bankruptcy proceedings (if any);

- A notice of tax debt, fine and late payment interest or confirmation of the amount of tax debt, fine and late payment interest until June 30, 2020 of the tax authority.

2. Application for late payment fine and interest write-off

- An application form for debt write-off made by the collecting tax authority using form No. 01/VBDN hereto;

- Documentation prescribed in clause 1 hereof;

- A document of the People's Committee of the commune where the taxpayer registers the business address certifying that the taxpayer ceases to do business at the registered address unless the taxpayer receives a declaration of bankruptcy from the court;

- A list of taxpayers eligible for debt write-off using form No. 01/CK hereto.

View more details at the Circular No. 69/2020/TT-BTC of the Ministry of Finance of Vietnam, effective from July, 01, 2020.

Thuy Tram

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