Official Letter No. 121/DNL-THNV introduces some new points of Circular 86/2024/TT-BTC as follows

On December 23, 2024, the Ministry of Finance issued Circular No. 86/2024/TT-BTC, replacing Circular No. 105/2020/TT-BTC on tax registration, effective from February 6, 2025. The Tax Department of Large Enterprises introduces a number of new points in this Circular:

• Tax registration subjects: Eliminate the listing of enterprises according to specialized laws, avoiding the impact when the law changes.
• Tax identification number structure: Adding regulations on granting tax identification numbers to foreign contractors and amending regulations on issuance of tax identification numbers on behalf of business cooperation organizations.
• Procedures for first-time tax registration: Remove the list of dependent units in the dossier and supplement the place to submit the dossier at the Tax Department of Large Enterprises for some subjects.
• Procedures for changing tax registration information: Supplementing the location for submitting dossiers to contractors and investors participating in oil and gas contracts when there is a change.
• Procedures for invalidation of tax identification numbers: Regulations on transferring the VAT amount that has not been fully deducted to the new unit after division/merger.
• Form: Amendment and supplementation of tax declaration forms, tax registration certificates, notices of tax identification numbers paid on behalf of taxpayers, and notices of transfer of tax obligations.

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