Exchange of information upon cooperatives committing violations in Vietnam

Information Exchange When a Cooperative Is Not Operating at the Registered Address in Vietnam

According to Article 13 Regulation 01/2022/QCLT-BTC-BKHDT, the procedure for information exchange when a cooperative is not operating at the registered address in Vietnam is carried out as follows:

- In the case where a cooperative, a dependent unit, or a business location is issued a Notice by the tax authority regarding the taxpayer not operating at the registered address in accordance with tax regulations, the tax authority updates the information into the taxpayer registration application system and transmits the information to the national information system for cooperative registration on the same day the state of the cooperative's tax code, dependent unit, or business location is changed. The national information system for cooperative registration updates and publicly posts the warning information on the same day it receives the information from the taxpayer registration application system, as specified in Appendix 11 attached to this Regulation.

- In the event that the tax authority issues a Notice on restoring the tax code state of the cooperative, dependent unit, or business location, the tax authority updates the information into the taxpayer registration application system. The taxpayer registration application system transmits the information to the national information system for cooperative registration on the same day the state of the tax code of the cooperative, dependent unit, or business location is changed. The national information system for cooperative registration updates the information and removes the warning information on the same working day from the day it receives the information from the taxpayer registration application system.

Information Exchange When a Cooperative Violates The Law

Information Exchange When a Cooperative Violates Tax Law in Vietnam

According to Article 14 Regulation 01/2022/QCLT-BTC-BKHDT, the procedure for information exchange when a cooperative violates tax laws is handled as follows:

- The tax authority updates information about the taxpayer as the cooperative, dependent unit, or business location that has violated tax laws and transferred to the investigative agency into the taxpayer registration application system. The taxpayer registration application system transmits the information to the national information system for cooperative registration on the same day the information is updated, as specified in Appendix 17 attached to this Regulation.

- When receiving an application for establishment registration, temporary suspension registration, or registration to change the content of the cooperative registration, dependent unit, or business location, the cooperative registration authority is responsible for checking and reviewing cases of tax law violations specified in clause 1 of this Article to handle according to regulations in Vietnam.

Nhat Hao

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