According to the provisions of Clause 1, Article 62 of Decree 122/2021/ND-CP, a fine of VND5 - 10 million will be applied to business households that do not register to establish business households in cases where registration is required according to regulations.
Apply the same penalty as above for one of the following acts:
- Individuals and members of a household registered to do business with more than one business household;
- Not authorized to establish a business household but still established a business household;
- Not registering to change the content of the Business Household Registration Certificate with the district-level business registration agency within 10 days from the date of change.
Note: The penalty level for cases of not registering business households is according to regulations applicable to individuals. The fine for an organization is twice the fine for an individual (Clause 2, Article 4 of Decree 122/2021/ND-CP).
When individuals and organizations want to establish business households, they must register their business in accordance with the provisions of law. However, in some cases, business households do not need to register for business.
According to Clause 2, Article 79 of Decree 01/2021/ND-CP on business registration, cases where business households do not need to register for business include:
- Households producing agriculture, forestry, fishery, and salt making;
- Street vendors, gifts, wholesalers;
- Mobile business people;
- Seafood business people;
- Low-income service workers.
Note:
- In case a household or individual doing business in the investment and business sector has conditions, they must still register for business in accordance with the provisions of law.
- The low income level applied to each locality will be regulated by the centrally-run city.
