According to Clause 4, Article 13 of Decree 68/2026/ND-CP, business households and individual businesses are responsible for notifying the tax authority electronically of the entire number of accounts opened at the payment service provider and the number of e-wallet opened at the intermediary payment service provider related to production and business activities.
This regulation aims to serve tax management, compare cash flow data and determine tax obligations of taxpayers.
Notice of bank account shortage may be administratively sanctioned
According to Article 19 of Decree 125/2020/ND-CP, amended in Clause 12, Article 1 of Decree 310/2025/ND-CP, the act of providing information related to the taxpayer's account in violation of regulations may be penalized as follows:
- A fine of 2–6 million VND for the act of providing account information overdue for 5 days or more;
- A fine of 6–10 million VND for the act of providing inaccurate information related to the account;
- A fine of 10–16 million VND for the act of not providing account information as prescribed or at the request of tax authorities.
According to Clause 4, Article 7 of Decree 125/2020/ND-CP, the above-mentioned penalty is the penalty applied to organizations. For business households that are individual taxpayers, the penalty applied is equal to 50% of the penalty for organizations.
Thus, in case business households notify tax authorities of a missing bank account number or e-wallet number related to business activities, they may be fined from 5 million VND to 8 million VND, depending on the nature of the violation.
Regulations to increase transparency of tax management data for business households
The requirement to fully notify bank accounts and e-wallets is one of the important contents in Decree 68/2026/ND-CP, aimed at strengthening the management of actual revenue and improving the efficiency of tax data comparison for business households.
In the context of the mechanism of tax management based on actual revenue being expanded from 2026, not fulfilling or not fully fulfilling the obligation to notify accounts may entail administrative violations in the process of fulfilling tax obligations.
