On June 28, 2016, the Ministry of Finance issued Circular 95/2016/TT-BTC providing guidelines on taxpayer registration.
Individuals, when issued a personal tax identification number (TIN), must use this number throughout their lifetime and:
- In the event of business activities arising, if the individual is the representative of a business household, they must use their personal TIN to declare and pay taxes for business activities;- The owner of a private enterprise must use their personal TIN to declare, pay taxes, and settle personal income tax for the owner of the private enterprise.
Additionally, the Circular also clearly stipulates the timeframe for individuals engaged in business production to fulfill taxpayer registration responsibilities within the stipulated timeframe:
- Together with the timeframe for submitting the first tax declaration file;- 10 working days from the date stated on the business registration certificate in case a certificate is issued.
Circular 95/2016/TT-BTC takes effect from August 12, 2016, and replaces Circular 80/2012/TT-BTC.
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