Shall a joint-stock company required to conduct a xem bóng đá trực tiếp trên youtube statement audit upon TIN deactivation due to bankruptcy in Vietnam?
Shall ajoint-stock company have its TINdeactivated due tobankruptcy in Vietnam?
Pursuant to the provisions of Clause 1, Article 39 of theLaw on xem bóng đá trực tiếp trên youtube Administration 2019, taxpayer registration is accomplished in conjunction with enterprise registration, cooperative registration, and business registration, and shall deactivate the TIN in the following cases:
Deactivation of the TIN
1. Taxpayer registration in conjunction with enterprise registration, cooperative registration, and business registration shall deactivate the TIN in any of the following cases:
a) Deactivation of business activities or dissolution, bankruptcy;
b) Revocation of business registration certificate, cooperative registration certificate, or business registration certificate;
c) Split, merger, or consolidation.
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Thus,in the case of a joint-stock company going bankrupt, the TIN will be deactivated.
Shalla joint-stock company required to conduct atax statementauditupon TIN deactivationdue to bankruptcy in Vietnam? (Image from the Internet)
Shalla joint-stock company required to conduct a xem bóng đá trực tiếp trên youtube statement audit upon TIN deactivationdue to bankruptcy in Vietnam?
Based on the provisions inOfficial Dispatch 5818/TCT-KK of 2023regarding the processing of deactivation of TINs for bankrupt enterprises as follows:
Pursuant to Clause 2, Article 19 of the Law on xem bóng đá trực tiếp trên youtube Administration No. 38/2019/QH14 dated June 13, 2019, stipulating the powers of xem bóng đá trực tiếp trên youtube administration authorities;
Pursuant to Point g, Clause 1, Article 110 of the Law on xem bóng đá trực tiếp trên youtube Administration No. 38/2019/QH14, dated June 13, 2019, stipulating cases of xem bóng đá trực tiếp trên youtube audit at the taxpayer's premises;
Pursuant to Clause 1, Article 72 of Circular 80/2021/TT-BTC dated September 29, 2021, specifying cases of dissolution or deactivation of operations without requiring xem bóng đá trực tiếp trên youtube statement according to Point g, Clause 1, Article 110 of the Law on xem bóng đá trực tiếp trên youtube Administration No. 38/2019/QH14.
Based on the above legal provisions, the case of Southern Food Processing Joint Stock Company (the Company) deactivating its TIN due to bankruptcy does not fall under the cases exempt from xem bóng đá trực tiếp trên youtube statement audit according to Point g, Clause 1, Article 110 of the Law on xem bóng đá trực tiếp trên youtube Administration No. 38/2019/QH14. Therefore, to process the deactivation of the Company's TIN, it is requested that the Soc Trang xem bóng đá trực tiếp trên youtube Department submit a document to the People's Court of Soc Trang province to utilize the Company's records and documents for compliance with Clause 2, Article 19 of the Law on xem bóng đá trực tiếp trên youtube Administration No. 38/2019/QH14.
Referring to Point g, Clause 1, Article 110 of theLaw on xem bóng đá trực tiếp trên youtube Administration 2019as follows:
xem bóng đá trực tiếp trên youtube audit at the taxpayer's premises
1. xem bóng đá trực tiếp trên youtube audit at the taxpayer's premises is conducted in the following cases:
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g) In cases of division, separation, merger, consolidation, conversion of the type of enterprise, dissolution, deactivation of operations, equitization, deactivation of the TIN, relocation of the business location, and cases of unexpected audit, audit directed by the competent authority, except in cases of dissolution or deactivation of operations where the xem bóng đá trực tiếp trên youtube authority is not required to conduct a xem bóng đá trực tiếp trên youtube statement according to the law.
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And Clause 1, Article 72 ofCircular 80/2021/TT-BTCstipulates the cases of dissolution or deactivation of operations that do not require a xem bóng đá trực tiếp trên youtube statement mentioned at Point g, Clause 1, Article 110 of theLaw on xem bóng đá trực tiếp trên youtube Administration 2019as follows:
xem bóng đá trực tiếp trên youtube audit at the taxpayer's premises
1. Cases of audit at the taxpayer's premises, audit frequency, and time for sending the xem bóng đá trực tiếp trên youtube audit Decision are conducted according to Points a, b, d, đ, e, g of Clause 1, and Clauses 2 and 3 of Article 110 of the Law on xem bóng đá trực tiếp trên youtube Administration.
Cases of dissolution or deactivation of operations not requiring a xem bóng đá trực tiếp trên youtube statement mentioned at Point g, Clause 1, Article 110 of the Law on xem bóng đá trực tiếp trên youtube Administration:
a) The taxpayer is liable for corporate income xem bóng đá trực tiếp trên youtube as a percentage of sales revenue for goods and services as prescribed by the Corporate Income xem bóng đá trực tiếp trên youtube Law and carries out dissolution or deactivation of operations.
b) The taxpayer dissolves or deactivates operations, but from the time of establishment to the time of dissolution or deactivation, the enterprise has not generated revenue, nor has it used invoices.
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Thus, if the joint-stock company does not fall under the following cases when going bankrupt, it will be required to conduct a xem bóng đá trực tiếp trên youtube statement audit:
- The taxpayer is liable for corporate income xem bóng đá trực tiếp trên youtube as a percentage of sales revenue for goods and services as prescribed by the Corporate Income xem bóng đá trực tiếp trên youtube Law and carries out dissolution or deactivation of operations.
- The taxpayer dissolves or deactivates operations, but from the time of establishment to the time of dissolution or deactivation, the enterprise has not generated revenue, nor has it used invoices.
Vietnam: Can the TIN of a joint-stock company be reactivated used after beingdeactivated?
Pursuant to Point a, Clause 3, Article 39 of theLaw on xem bóng đá trực tiếp trên youtube Administration 2019, from the date the xem bóng đá trực tiếp trên youtube authority announces the deactivation of the TIN's validity of the joint-stock company, that TIN cannot be used in economic transactions.
