Vietnam: Cooperation between business registration authorities and tax authorities in invoice registration

10:26, 26/10/2020

This is a notable content of the Decree No. 122/2020/NĐ-CP of Vietnam’s Government on single-window cooperation in processing applications for registration of enterprises, branches, representative offices; declaration of personnel; social insurance participation; use of invoices by enterprises.

Phối hợp, liên thông giữa cơ quan ĐKKD và cơ quan thuế trong ĐK sử dụng hóa đơn, Nghị định 122/2020/NĐ-CP

Specifically, according to Article 7 of the Decree No. 122/2020/NĐ-CP of Vietnam’s Government, procedures for cooperation between business registration authorities and tax authorities in invoice registration ars prescribed as follows:

Step 1: In case an application for enterprise/branch/representative office registration is valid, the business registration authority shall share information about the enterprise/branch/representative office registration and invoice registration with the tax authority.

Step 2: The tax authority shares information about the ID number of the enterprise/branch/representative office and its supervisory tax authority generated by the taxpayer registration system with the business registration authority.

Step 3: On the basis of information sent by the tax authority, the business registration authority shall grant the Certificate of Enterprise/Branch/Representative Office Registration and send a notice to the supervisory tax authority of the enterprise/branch/representative office.

Note: The enterprise and its branches shall maintain fulfillment of the conditions for use of invoices as prescribed by law.

View more details at the Decree No. 122/2020/NĐ-CP of Vietnam’s Government, effective from October 15, 2020.

Ty Na

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