Exchange of information on activities of cooperatives

Exchange of information about cooperative operation

According to Article 15 of the Regulation No.01/2022/QCLT-BTC-BKHDT on the exchange of information about the operation of cooperatives as follows:

- The General Department of Taxation and the Business Registration Department shall exchange information about the operation of cooperatives, affiliated entities, and business locations for checking and comparing information serving the state management of each authority.

- The operation situation of the cooperative or its dependent unit exchanged under the provisions of this Article is the state of tax identification numbers of the cooperative or its dependent unit and is managed and monitored by the tax agency and the cooperative registration agency on the application system in order to serve the tax administration and other state management requirements.

+ Status of cooperatives and affiliated units commonly used between the two systems, including:

* Taxpayer's status which has been issued with a MST means the status which is applicable to cooperatives and affiliates of which tax codes have been issued.

+ The status of 01 "taxpayer's operation is terminated and procedures for TIN deactivation" means the status of a cooperative or affiliated entity that is dissolved, bankrupted, shut down, or shut down in case a cooperative is divided, merged, amalgamated, or has fulfilled its tax liability as prescribed.

* Status of 02 "taxpayer has moved to the supervisory tax authority" is the state of cooperatives and affiliated units that have completed tax procedures at the tax authority from which it has moved, but has not registered with the registration authority of the new cooperative.

* 03 "Taxpayer who has ceased operation but has not yet completed procedures for TIN deactivation": means the status of a cooperative which is following procedures for TIN deactivation in case of dissolution or shutdown due to reorganization (splitting, merger or consolidation) of a cooperative; an affiliated unit which terminates its operation and is following procedures for TIN deactivation; a cooperative that has been declared bankrupt by a court but has not yet fulfilled its tax liability; a cooperative has its license for operation revoked by a competent authority because of violations of law but has not yet finished procedures for TIN deactivation; a cooperative subjected to coercive measures for tax debt payment in accordance with the Law on Tax Administration; an affiliated unit shut down its operation under its management procedures for TIN deactivation.

* Status of 05 "taxpayers subject to temporary cessation of operation or business" refers to the state of cooperatives or affiliates of which temporary cessation of operation or business is approved by the tax authority or regulatory authority over a specified period of time.

* Status of 06 "Taxpayer not operating at the registered address" is the state of tax authority issuing notification of non-operation at the registered business expenditure after coordinating with the competent state authority to verify at the taxpayer's head office.

* Status of 07 "Taxpayer pending bankruptcy procedures" means the state of the Court issuing the Decision to open bankruptcy procedures for the cooperative and sending it to the tax agency.

+ The number state of codes of the cooperative or its dependent unit specified at Point a, Clause 2 of this Article serves as a basis for the parties to reach agreement on statistical data and report on the state of operation of the cooperative or its dependent unit.

Codes of cooperatives and subordinate units to serve the management requirements of each agency shall be exchanged between the two systems specified in Appendix 1 to this Regulation (not printed herein).

- The business location mentioned in this Article is the operational status of the business location, including: 10 operating taxpayers, 1 "dissolved/shut down", and 3 "taxpayer cease operation but have not completed procedures for MST effect termination", and the status of 05 "taxpayer suspending business" and 06 "taxpayer not operating at the registered address".

- The order of exchanging information on the operation of cooperatives, dependent units and business places is as follows:

+ If the operation of the cooperative, affiliated unit, or business location is changed as prescribed in Clause 2 and Clause 3 of this Article, the tax registration system will transmit it to National information system for cooperative registration. The list of exchanged information is specified in Annex 11 issued with this Regulation.

Exchange of information on activities of cooperatives

Cases of failure to exchange information between systems

In accordance with Article 16 of the Regulation No.

07/2012/TT-BKHDT.

- Other special cases not prescribed in this Regulation.

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE