Circular No. 80/2012/TT-BTC dated May 22, 2012 of the Ministry of Finance guiding the Law on Tax administration with regard to tax registration

GRANTING THE PERSONAL TAX CODE CARD FROM JULY 01, 2012

Under the Circular No. 80/2012/TT-BTC issued by the Ministry of Finance, organizations, households and individuals producing, trading, providing goods and services; Individuals earning incomes subject to personal income tax; Foreign organizations without Vietnamese’s legal status, foreign individuals doing independent business in Vietnam; Other organizations and individuals related to tax issues such as: Project management board, non-business units, organizations and individuals without tax liability but eligible for tax refund or receiving aid from abroad will be issued with a sole tax code for the whole operation as from the tax registration until the shutdown (except for contractors).

The tax payers are individuals subject to personal income tax that complete the procedures and tax registration dossiers shall be issued with “the Tax registration certificate” or “the personal tax code card” within three working days as from receiving the complete tax registration dossier. In case the time limit to receive the Tax registration certificate or tax code notification is over, tax payers can remit to the tax agencies.

Individuals paying personal income tax via multiple paying organizations shall apply for tax registration at one paying organizations for the tax code issuance. Individuals shall notify their tax codes to other paying organizations for them to make tax declaration and tax payment using those tax codes.

Under this Circular, if an individual simultaneous pays personal income tax and does business, the personal income tax code shall be used for declaring and paying tax on the business. If a business individual is already issued with the tax code, such tax code shall be used for declaring and paying personal income tax.