The General Department of Taxation's direction on tax management for business households in Vietnam

The General Department of Taxation's direction on tax management for business households in Vietnam

On December 11, 2023, the General Department of Taxation issued Official Dispatch 5585/TCT-DNNCN directing tax management for business households.

The General Department of Taxation requests the Tax Departments of provinces and centrally run cities to thoroughly direct and thoroughly inform functional departments and tax branches on the development of specific implementation plans in their management areas, specifically as follows. :

- Actively review and standardize tax registration information of business owners to ensure tax data synchronization with the national population database, moving towards using personal identification numbers instead of tax codes according to the Project to develop applications of population data, electronic identification, and authentication to serve national digital transformation in the period 2022–2025, with a vision to 2030.

- Implement a review of subjects in the area to avoid missing households, organize a survey of revenue and factors related to the actual business activities of business households, and update the "separate database" of the Department of Taxation on business household management according to the instructions in the Tax management process for business individuals, focusing on key industries of business households in the area.

The "private database" needs to be deployed on an information technology platform to ensure centralized exploitation, direction, and control of the Tax Department for determining revenue and flat tax rates of business households at Tax Departments. On that basis, ensuring the establishment of the 2024 Presumptive Tax Set for business households is close to reality.

- Carry out all necessary steps to process the data and establish the 2024 Household Property Declaration on the TMS system, as regulated, in order to ensure that the first public information can be released on the electronic information page of the General Department of Taxation. From there, the first public information will be synchronized on the Household Property Declaration function from December 20th to December 31st every year.

- Continue to promote propaganda and the dissemination of basic digital skills to people and business households (access and use of the Internet, email, online shopping, use of electronic invoices, electronic payments, electronic tax registration, electronic tax declaration, electronic tax payment, electronic tax refund, using online public services, and ensuring personal information security), including looking up and responding to information on the tax authority's Business Registration Certificate function to help people and business households fully participate in the digital transformation roadmap according to the Government's orientation.

More details can be found in Official Dispatch 5585/TCT-DNNCN, issued on December 11, 2023.

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