Tax authorities deactivate TINs of nearly 180 000 businesses
Tax authorities have deactivated the tax identification numbers of nearly 180 000 businesses and organisations while restoring the numbers of more than 4 000 others according to the Tax Department
The Vietnamese tax authorities have deactivated the Tax Identification Numbers (TINs) of around 180,000 businesses and organizations as part of a campaign to clean up tax data. This follows a launch in May to continue reviewing and cleaning up tax registration data. As of August, tax authorities processed tax obligations for nearly 180,000 businesses, deactivating their TINs, while restoring TINs for over 4,000 businesses, allowing them to resume operations.
Out of 600,000 businesses with unresolved issues, the campaign aims to resolve outstanding cases and enable genuinely dissolved businesses to exit the market in compliance with regulations.
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