Uni 25-05-2015 - Guidance on penalty for not registering information of bank account

According to official letter No. 1728/TCT-KK:

• In case, the company ensures the conditions of input VAT deduction and refund for export goods but the information of bank account is not submitted to tax authority, the company is involved in penalty for violating law of tax registration and still applied to 0% VAT for export goods.
• In case, the company uses bank account to pay goods, services from domestic suppliers the company is involved in penalty for violating law of tax registration, also and:

• If the suppliers do not perform the information submission to tax authority in charge: suppliers are penalty for violating law of tax registration; the company is not allowed to deduct, refund input VAT.
• If the suppliers perform the information submission to tax authority in charge, or the company added bank account information to tax authority before it notifies Decision of inspection, examination at the company’s office and ensure the actual purchased & sold goods, services, receive payments in the relevant bank accounts will be considered to deduct and refund VAT under regulations