Ending the period of "hiding" through personal accounts
Previously, many business households often used personal accounts or separate e-wallets to receive money from customers in order to separate them from tax-declared revenue. However, Clause 4, Article 13 of Decree 68/2026/ND-CP (effective from March 5, 2026) clearly stipulates:
Business households and individual businesses shall notify the tax authority electronically of all account numbers opened at payment service providers, electronic wallet numbers opened at intermediary payment service providers related to production and business".
Thus, all bank account numbers and e-wallets (Momo, ZaloPay, Viettel Money... ) even if they belong to individuals but have sales transactions arising, receiving money from customers must be fully listed with the tax authorities. "Hiding" cash flow through sub-accounts will now become a violation of the law on tax management.
The mandatory notification of electronic accounts does not only stop at administrative procedures, but is also the basis for functional agencies to check data. When the account numbers have been identified and attached to the tax code of the business household, the cash flow in and out will be completely transparent.
According to Circular 25/2025 of the State Bank of Vietnam, the name of the payment account must be consistent with each user.
For personal accounts, the account name must match the full name on the personal papers.
For organizational accounts, the account name must be in accordance with the registration certificate for establishment or business registration.
Thus, from March 1, 2026, business households are required to use bank accounts in accordance with the registered business household name, and are not allowed to continue using personal accounts to receive money from sales.
In addition, according to Decision 3389 of the Ministry of Finance, from January 1, 2026, two groups of business households are required to have separate bank accounts to serve business activities, including:
- Households with revenue from 200 million to under 3 billion VND/year
- Households with revenue over 3 billion VND/year
In summary, business households can no longer arbitrarily use electronic payment methods without control. All balance fluctuations related to business are in the monitoring system, helping tax authorities accurately determine actual revenue generated to calculate taxes, avoiding the situation of budget revenue loss from non-cash transactions.
