Synchronising 78 million identifiers with personal tax codes

Mar 5th at 10:44
05-03-2023 10:44:48+07:00

Synchronising 78 million identifiers with personal tax codes

In an effort to streamline tax data for the national database on population, the General Department of Taxation (GDT) is aiming to complete the synchronisation process and unify the use of citizen identification numbers as personal tax codes this year.

 

According to GDT Deputy Director General Dang Ngoc Minh, there are currently 78 million identifiers that need to be standardised.

On Wednesday, the General Department of Taxation convened an online meeting with tax departments from several provinces and municipalities to discuss plans for reviewing and standardising personal tax identification numbers.

If the national population database has detailed information on taxpayers, the tax office must ensure that at least three fields of information are complete and accurate.

This information must include full name; date, month, year of birth; citizen identification number or taxpayer's identifier to query the Ministry of Public Security database.

Minh shared that the General Department of Taxation has used two services to connect and share with the national population database of the Ministry of Public Security and actively analyse individual tax registration data in the past time.

Through assessing the current situation of personal tax identification number data, the General Department of Taxation realised that it was necessary to review and standardise the personal tax identification number data to ensure sufficient information to determine the identification numbers of the taxpayers.

The deputy director general said that the tax authority was determined to standardise personal tax identification data and use citizen identification numbers as tax identification numbers under the direction of the Ministry of Finance.

He also suggested that professional solutions and IT applications be created in reviewing and standardising data.

In addition, provincial and municipal tax departments should continue to disseminate information on the policy of changing the tax code with the citizen identification numbers and closely support and guide taxpayers in changing tax registration information. 

bizhub



RELATED STOCK CODE (1)

NEWS SAME CATEGORY

Action taken to boost the generation of e-invoices from cash registers

Ha Noi, HCM City and Hai Phong are getting ready to promote the implementation of e-invoices generated from cash registers, part of the effort to tighten tax...

F88 raises $50 million in Series C funding round

F88 Investment JSC announced that it successfully raised a Series C investment of $50 million. The two main investors in this round are Vietnam-Oman Investment Fund...

VCCI suggests delaying corporate tax and land rent payments by six months

The purpose of delaying these payments is to help manage cash flows. However, businesses are still required to make full payments to the budget deficit.

Citi completes sale of Viet Nam consumer banking business to UOB group

Citi announced on Wednesday it has completed the sale of Citi’s Vietnam retail banking and consumer credit card businesses to United Overseas Bank Limited (UOB)...

The Prime Minister asked to check the bank's sale of debt and collateral

A number of banks have offered for sale debt and collateral to recover and handle bad debts in the first half of last month.

Hanoi mulls strategy to reform tax system until 2030

The application of modern and highly automated information technology is expected to create the best conditions for taxpayers to fulfill their tax obligations.

Real estate bailout eyes credit recovery

The Vietnamese government and banks have developed a strategy to improve the credit status of Vietnamese real estate businesses by offering a $5 billion loan...

Exchange rate spike not deemed an imminent threat

The USD exchange rate on the morning of February 24 on the free market and banks both increased sharply compared to the previous session, exceeding the threshold of...

Citi completes sale of Vietnam consumer banking business

Citi has announced it has completed the sale of Citi’s Vietnam retail banking and consumer credit card businesses to United Overseas Bank Limited (UOB), which...

Big four banks launch preferential interest rate loan packages

The group of the four biggest State-owned banks (Big4) have launched preferential loan packages with interest rate reductions of up to 3 per cent per year to lower...

Bank stocks

Insurance stocks


MOST READ


Back To Top