Vietnam: What is the enterprise identification number according to the Decree No. 01/2021/NĐ-CP?

According to Article 8 of the Decree No. 01/2021/NĐ-CP of the Government of Vietnam, each enterprise is issued with a single enterprise ID number. This number is also the enterprise’s taxpayer identification number (TIN) and social insurance participant’s code. The enterprise ID number exists throughout its operation and shall not be issued to any other entity. When an enterprise ceases to operate, the enterprise ID number will be invalidated. Enterprise ID numbers are created, sent and received automatically by the National Enterprise Registration Information System, tax registration information system, and written on enterprise registration certificates.

Moreover, regulatory agencies shall uniformly use enterprise ID numbers to perform state management tasks and exchange information about enterprises. ID numbers of an enterprise’s affiliates are issued to the enterprise’s branches and representative offices. These numbers are also TINs of branches and representative offices. The ID number of a business location is a series of 5 digits from 00001 to 99999. This number is not TIN of the business location.

In case the TIN of the enterprise, or its branch or representative office is invalidated as a result of its commission of tax offenses, this TIN must not be used in business transactions from the day on which the TIN invalidation is announced by the tax authority.

With regard to branches and representative offices that are established before November 01, 2015 but have not had their own ID numbers, the enterprise shall directly contact the tax authority to be issued with a 13-digit TIN, and then follow procedures for change of the registration information at the business registration authority as prescribed.

Enterprise ID numbers of enterprises that are established and operating under the investment license or investment certificate (also the business registration certificate) or another document of equivalent validity, or securities trading license shall be their TINs issued by tax authorities.

More details at the Decree No. 01/2021/NĐ-CP of the Government of Vietnam, effective from January 04, 2021.

Le Vy

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