Household businesses and individual businesses that are required to notify a bank account number or e-wallet number as prescribed but have not implemented it on time may be administratively sanctioned if they do not provide information as requested by the tax authority.
According to point d, clause 1, Article 4 of Circular No. 18/2026/TT-BTC of the Ministry of Finance, operating business households that are subject to point b, clause 4, Article 17 of Decree No. 68/2026/ND-CP must send a Notice of account number or e-wallet number according to Form No. 01/BK-STK no later than April 20, 2026.
For business households subject to point a, clause 4, Article 17 of Decree No. 68/2026/ND-CP, the notification of the account number or electronic wallet is carried out together with the first tax return of 2026.
In case new business households start operating, the sending of the account number notification or e-wallet number is carried out at the same time as sending the first revenue notification or tax return as prescribed.
The notification of bank account or e-wallet information is the content serving transaction data management to determine the tax obligations of business households according to the provisions of Decree No. 68/2026/ND-CP.
Failure to provide information upon request may be penalized
According to Article 14 of Decree No. 125/2020/ND-CP stipulating penalties for administrative violations related to taxes and invoices, if taxpayers do not provide or provide information related to determining tax obligations beyond the time limit as requested by the tax authority, they may be penalized.
Specifically:
- A fine of between 1 million VND and 3 million VND shall be imposed for the act of providing information beyond the time limit as notified by the tax authority from 5 working days or more;
- A fine of between 3 million VND and 5 million VND for the act of providing incomplete or inaccurate account information;
- A fine of 5 million VND to 8 million VND for the act of not providing information as requested by the tax authority.
According to Clause 4, Article 7 of Decree No. 125/2020/ND-CP, the penalty level for business households is applied as for individuals, equal to half of the penalty level for organizations.
In addition to being administratively sanctioned, taxpayers still have to take remedial measures to provide full bank account information or e-wallet information as prescribed.
Notifying bank account or e-wallet information is an important content in the roadmap for standardizing tax management data for business households to serve the deployment of electronic tax management methods according to new regulations applied from 2026.
