Table of contents:

• Maximum Suspension Time of the business business:
• Notice from business households when temporarily suspending business:
• If a business household temporarily suspends business without notice, will they be fined?

< span style="font-size:14px">Maximum Suspension Period of a household business:

Pursuant to Article 91 of Decree 01/2021, In case of temporary business suspension for 30 days or more, business households must notify the business registration agency. district-level business where the business has been registered and directly managed by the Tax Authority. Based on this regulation, there is no maximum regulation on the suspension period of a business household, so the business household owner only needs to notify the business registration agency if the suspension is for 30 days or more.

Notification procedures for business households when temporarily ceasing business :

< span style="color:rgb(0, 0, 0); font-family:arial,sans-serif">Pursuant to Clause 2, Article 91 of Decree 01/2021, In case a business household temporarily suspends business, the business household shall send a written notice to the business registration agency to issue district where the business household has registered at least 03 working days before suspending business. Accompanying the notice must be a copy of the meeting minutes of household members on the registration of temporary business suspension in the case of members. member of the household registers the business household. After receiving the notice, the district-level Business Registration Authority shall issue a Receipt of documents to the business household. Within 03 working days from the date of receipt of the documents valid, the district business registration agency issues a Certificate of business household registration to temporarily suspend business.

Household If a business temporarily suspends business without notice, will there be a penalty?

Pursuant to Article 93 of Decree 01/2021 as follows:

- Cessation of business activities for more than 6 consecutive months without notifying the district business registration agency where the registration is and the tax agency;

- In case a business household stops doing business for more than 6 consecutive months without notifying the district business registration agency where it is registered or without submitting a report according to regulations specified in Point dd, Clause 1 of this Article, the district-level Business Registration Authority shall notify in writing of the violation and request the business household owner to come to the district-level Business Registration Authority to explain. After the deadline 10 working days from the end of the time limit stated in the notice, if the requested person does not come or the explanation is not approved, the district business registration agency will issue a decision to revoke the business registration certificate. The district business registration agency is responsible for coordinating with relevant state management agencies in reviewing the explanation content of business households.

< span style="font-size:14px">Thus, based on the two clauses above, the If the owner of a business household temporarily suspends business for more than 6 consecutive months without notifying the above-mentioned competent authority, the business household registration certificate will be revoked and administrative penalties will be imposed (depending on the case). specific)

Related articles:

>>> Household business What is a business? / Who can establish a business?

>>> Procedures for business household registration/ Calculation Business household taxes

Reference services:

>>>> Business registration service