Business households when changing account number information must notify the tax authority according to regulations. At the same time, business households need to pay attention to regulations on penalties for violations related to providing information to determine tax obligations.
Based on Article 14 of Decree 125/2020/ND-CP stipulating penalties for violations of regulations on providing information related to determining tax obligations.
Delay in providing information from 5 days, fine from 2-3 million VND
According to Clause 1, Article 14 of Decree 125/2020/ND-CP, a fine of 2-3 million VND shall be imposed for one of the following acts:
Providing information, documents, and legal dossiers related to tax registration according to the notice of the tax authority beyond the prescribed time limit from 5 working days or more.
Providing information, documents, and accounting books related to determining tax obligations according to the notice of the tax authority beyond the prescribed time limit of 5 working days or more.
Thus, a fine of 2-3 million VND is stipulated for cases of providing information and documents but exceeding the prescribed time limit by 5 working days or more as notified by the tax authority.
Failure to provide information may be fined up to 5 million VND
Clause 2, Article 14 of Decree 125/2020/ND-CP stipulates a fine of 3-5 million VND for one of the following acts:
Not providing or providing incomplete or inaccurate information, documents, vouchers, invoices, accounting books related to the determination of tax obligations; providing incomplete or inaccurate account numbers, balances of deposit accounts, payment accounts to competent authorities when requested.
Not providing or providing incomplete, incorrect indicators and data related to tax obligations that must be registered according to regulations but not reducing tax obligations to the state budget.
Failure to provide or provide incomplete or inaccurate information and documents related to deposit accounts, payment accounts at credit institutions, the State Treasury, and related third party debts when requested by tax authorities.
Clause 3, Article 14 stipulates that the remedy measure is to force the provision of information for the acts specified in Clause 2 of this Article.
Changing account numbers, business households must notify tax authorities
Clause 4, Article 7 of Decree 125/2020/ND-CP, supplemented by Article 3 of Decree 291/2026/ND-CP, stipulates the fine level in Articles 10, 11, 12, 13, 14, 15, Clauses 1, 2, Article 19, Article 19a and Chapter III of this Decree is the fine level applied to organizations.
For taxpayers who are households and business households, the penalty level is applied as for individuals.
Point d, Clause 1, Article 4 of Circular 18/2026/TT-BTC stipulates that business households when changing account number information must notify the tax authority according to the provisions of tax management law.
Thus, business households when changing account number information must notify the tax authority according to regulations.
For acts related to providing account information, Article 14 of Decree 125/2020/ND-CP stipulates a fine of 3-5 million VND for the cases mentioned in Clause 2, including acts of providing incomplete or inaccurate information about account numbers, deposit account balances, payment accounts to competent authorities when requested and not providing or providing incomplete or inaccurate information related to accounts when requested by tax authorities.
