On 12/10, the Ministry of Finance sent an official letter to local Departments of Finance, urging business registration agencies to coordinate with tax authorities. The request aims to review and shorten the processing time for business dissolution procedures.

For businesses submitting dissolution applications, provincial business registration agencies must process and send information to tax authorities within one working day of receipt.

Once tax authorities confirm a business has met its financial obligations, the business registration unit has one day to update the "dissolved" status on the national database. If tax authorities do not respond after two days, the business is automatically recorded as "dissolved" on the next working day.

Cash transaction at a bank. Photo: Giang Huy

Cash transaction at a bank. Photo: Giang Huy

Previously, the General Department of Taxation, under the Ministry of Finance, instructed local units not to add extra procedures when handling business dissolution applications. Local tax agencies should issue a single notification for all outstanding payments, overpayments, and required procedures. After full tax obligation payment, businesses will receive a confirmation within three working days.

For businesses that do not submit dissolution applications, the Ministry of Finance guidance sets the processing period at 180 days. This period begins when the business registration agency receives a dissolution notice, resolution, or decision from the business via the national information portal.

After this period, if the business registration agency receives no objection or additional documents, it will update the status to "dissolved" for the business. Branches and representative offices will be marked "operations ceased".

If technical errors occur in the system, the two agencies must communicate directly. Tax authorities need to respond within two working days to ensure timely processing of the application.

The Ministry of Finance noted that businesses can only dissolve after settling all debts, other asset obligations, and if there are no disputes in court or arbitration.

By the end of August, tax authorities had terminated tax identification numbers for nearly 125,000 businesses, branches, and organizations, an increase of about 30% compared to the end of last year. During a recent campaign, tax authorities processed 72,000 pending cases from 2025 and earlier.

Additionally, tax authorities confirmed over 52,000 cases completed tax obligations, allowing them to proceed with dissolution at the business registration agency. Conversely, tax authorities restored tax identification numbers for over 4,000 businesses and organizations during the implementation process.

Phuong Dung