October 14, 2015
On 14 September 2015, the Government has issued Decree No. 78/2015/ND-CP on Enterprise Registration. This Decree shall come into effect from 1 November 2015 and replace Decree No. 43/2010/ND-CP, Decree No. 05/2013/ND-CP.
There follows a brief summary of some of the key points:
When registering a business establishment, notifying the supplementation/change of business lines or proposing for the conversion of Business Registration Certificate, the founders of Enterprise or Enterprises shall choose business line at level 4 as classified in the national economic system of Vietnam for their registered business activities written in the Enterprise Registration form, Notification on the changing content of the Enterprise Registration or Request form for the conversion of Business Registration Certificate.
Enterprise code, code of Enterprise’s branch, code of business location:
- Each enterprise shall only be granted one code which is called the Enterprise code. This code is also the tax code of Enterprise. This code is automatically generated, sent and received by the National Information System on Enterprise registration, Tax Registration System and recorded in Business Registration Certificate.
- For Branches and Representative Offices that were established before the effective date of this Decree but have yet to be issued the associated unit code, the Enterprises can contact the tax authorities directly to request for the tax code with 13 numbers, then carry out the procedures of changing the contents on registered activities at Business Registration Department (“BRD”) as prescribed.
For e Enterprises established and /operated under an Investment License or Investment Certificate (concurrently the Business Registration Certificate), the Enterprise code is the tax code issued by the tax authorities for the Enterprise.