Documents and Procedures for Household Businesses to Receive Financial Support under Resolution 42

09:16, 10/07/2024

Decision 15/2020/QD-TTg stipulating the implementation of policies to support people facing difficulties due to the Covid-19 pandemic has just been signed and issued by the Prime Minister of the Government of Vietnam on April 24, 2020.

Illustrative photo

This Decision specifies the conditions, dossiers, procedures, and formalities for household businesses to receive support money according to Resolution 42/NQ-CP as follows:

Support Conditions:

- Revenue managed by the tax authority for household businesses in 2020 is less than VND 100 million, determined as of January 15, 2020, in accordance with tax management laws.

- Temporarily suspending business from April 1, 2020, according to the Decision of the Chairman of the Provincial People's Committee implementing Directive 15/CT-TTg dated March 27, 2020, of the Prime Minister of the Government of Vietnam.

Application Dossier: According to the Appendix attached to this Decision, send it to the Commune People's Committee. Details of the Support Request Form are as follows:

Photo of a part of the Support Request Form for household businesses

Support Request Form (For household businesses with tax-reported revenue under VND 100 million/year)

Procedures and Formalities:

- Within 05 days, the Commune People's Committee confirms the business suspension of the household businesses; publicly posts the information; aggregates and reports to the Tax Sub-Department.

- Within 02 working days, the Tax Sub-Department, in cooperation with related agencies, appraises and submits aggregated reports to the District People's Committee.

- Within 03 days, the District People's Committee reviews, consolidates, and submits to the Chairman of the Provincial People's Committee.

- Within 02 working days, the Chairman of the Provincial People's Committee issues a decision approving the list and support funds; simultaneously directs the implementation of the support. In case of non-support, the Chairman of the Provincial People's Committee provides a written notification stating the reason.

See more details in: Decision 15/2020/QD-TTg which takes effect from April 24, 2020.

Nguyen Trinh

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