On October 19, 2020, the Government issued Decree No.126/2020/ND-CP detailing a
number of articles of the Law on Tax Administration, which takes effect from December 5 th ,
2020.
One of the highlights of this Decree is the regulations on tax administration for taxpayers
during the period of suspension of business or business, specifically as follows:
1. Taxpayers are not required to submit tax declaration dossiers, unless taxpayers suspend their
operations or do business for an entire month, quarter, calendar year or fiscal year, they must still
submit monthly or quarterly tax declaration dossiers; year settlement records.
2. Business households and individuals that pay presumptive taxes shall suspend their operations
or do business, and may have their presumptive tax obligations re-determined by tax offices
according to the Finance Minister's regulations.
3. Taxpayers are not allowed to use invoices and are not required to submit reports on the use of
invoices; In case taxpayers are approved by tax authorities to use invoices according to
regulations, they must submit tax declaration dossiers and submit reports on use of invoices.
4. Taxpayers must abide by decisions and notices of tax administration agencies on the urging,
collection of debts and coercive enforcement of administrative decisions on tax administration,
inspection and examination of law observance on tax and handle violations of tax administration
in accordance with the Law on Tax Administration.