Circular No. 127/2015/TT-BTC dated August 21, 2015 of the Ministry of Finance guiding the grant of enterprise identification numbers to, and assignment of tax agencies to manage, newly established enterprises

Automatic grant of enterprise identification numbers through electronic mode

On August 21, 2015, the Ministry of Finance issued the Circular No. 127/2015/TT-BTC guiding the grant of enterprise identification numbers to, and assignment of tax agencies to manage, newly established enterprises; within that the most important content is the automatic grant of enterprise identification numbers through electronic mode via the General Department of Taxation’s Tax Registration System.

In particular, an enterprise identification number shall be granted automatically through electronic mode via the General Department of Taxation’s Tax Registration System right on the working day after a complete and valid dossier is received from the National Enterprise Registration Information System. If information is incomplete (lacking compulsory information) or invalid as prescribed, to automatically create a notice of incompleteness and invalidity of information and to automatically transmit information to the National Enterprise Registration Information System for the business registration agency to notify such to the enterprise for modification and supplementation of its enterprise registration dossier as prescribed.

The assignment of a tax agency to manage an enterprise shall be conducted on the General Department of Taxation’s Tax Registration System simultaneously with the grant of the enterprise identification number. The assignment of a tax agency to manage an enterprise must suit the organization of business activities of the enterprise and characteristics of each locality, area and region. Accordingly, Provincial-level Tax Departments shall manage enterprises such as state enterprises; foreign-invested enterprises; and enterprises under BOT, BTO or BT projects that are established by investors to design, build, operate and manage the projects’ works and implement other projects under the law on investment; enterprises applying cost-accounting according to the whole sector and enterprises operating in different geographical areas; enterprises conducting specific and legally complicated business activities such as finance, banking, insurance, securities, real estate business, accounting, audit….