Tax Identification Number Vietnam: The New Payable Identification Number

From 10 May 2023, taxpayers must use a fee-based identification number for all tax payments. This must be applied for with the tax authority and those who fail to comply must expect sanctions. The experts from ECOVIS AFA VIETNAM explain the details.

On 24 April 2023, the General Department of Taxation (GDT) issued Official Letter No. 1483/TCT-KK providing guidance on the implementation of tax payments using the fee-based identification (ID) number. Accordingly, from 10 May 2023, taxpayers must use the ID number to make tax payments to the state budget, research the processing status of tax liabitlities, and trace or adjust payment information.

The Rules for Applying For and Using the Identification Number

• The ID number shall be issued by the tax authorities:
  • For newly arising tax payables: upon notification of acceptance/non-acceptance of the e-application, or notification of tax payment.
  • For tax payables resulting from decisions on tax management or administrative violations, or tax liabilities recorded in the system but not issued with an ID number: through the GDT e-tax portal.
• The ID number is unique to each taxpayers’s tax dossier or payable.

The team at ECOVIS AFA Vietnam supports you with tax compliance and tax payments.

Tran Duong Nghia, Partner of Tax, Accounting and Consulting, ECOVIS AFA VIETNAM, Da Nang City, Vietnam

Some potential risks that taxpayers might encounter when applying this new practice are late tax payment due to receiving the ID number too close to the statutory deadline, forgetting to use the ID number, or using the wrong ID number when making tax payments.

For further information please contact:

Tran Duong Nghia, Partner of Tax, Accounting and Consulting, ECOVIS AFA VIETNAM, Da Nang City, Vietnam
Email: nghia.tran@ecovis.com.vn