Conducting a review of the registration and business activities in the area, the Thanh Hoa City Tax Team, Thanh Hoa Province has just proposed that the City's Finance - Planning Department revoke the business registration certificates for 374 cases.
These are households and branches that have registered but have not yet established actual activities.
According to the coordination regulations between departments, the Thanh Hoa City Tax Team has received a list of households licensed to do business from the Finance - Planning Department.
After that, this list was transferred to the tax groups in charge of the area for inspection, putting the households under tax management. However, through on-site inspection, hundreds of households are no longer operating as registered, or are completely no longer operating.
In addition, from the end of May to mid-June, many traditional markets and commercial streets in Thanh Hoa City recorded a series of stores hanging signs "stop selling" and temporarily closing.
This phenomenon occurs coinciding with the time when the whole province implements a peak period of inspection and handling of smuggling, counterfeit goods and trade fraud according to Official Dispatch 65 issued by the Prime Minister on May 15, 2025.
In addition, according to the provisions of Decree 70/2025/ND-CP amending and supplementing Decree 123/2020/ND-CP, from June 1, 2025, business households with a revenue of VND 1 billion/year or more must use electronic invoices generated from cash registers with data connection with tax authorities, instead of paying contract tax as before.
However, many traders are still confused about determining the subjects of application, how to use cash registers or declare revenue according to the new regulations.
