The Tax Authority of Vietnam has taken decisive action by issuing an ultimatum to 291,962 businesses that have stopped operations but have yet to finalize the termination of their tax codes. This directive, announced on July 13, 2026, requires these businesses to fulfill their tax obligations and complete the dissolution process by July 15, 2026.

In addition to this, the Tax Authority has highlighted that there are currently 325,500 businesses that are not operating at their registered addresses and have outstanding tax debts. These entities are categorized into two groups: those that have not conducted business for over a year without notifying the relevant authorities, and those that qualify for enforcement measures due to non-compliance.

The Tax Authority has mandated that local tax offices must compile and publicly disclose lists of these inactive businesses that have not completed the necessary procedures to terminate their tax codes. This public disclosure must be completed by July 17, 2026, and will include posting on the tax authority's official websites and other public platforms.

To facilitate this initiative, the Tax Authority has called upon local governments and relevant agencies to collaborate closely in reviewing and processing these dormant businesses. This effort is part of a broader campaign titled "Cleaning Up Tax Codes - Removing Business Obstacles," aimed at streamlining business operations and ensuring compliance.

As part of the campaign, the Tax Authority has already sent lists of the affected businesses to local tax heads, emphasizing the urgency of addressing these compliance issues. The deadline for local authorities to act on this directive is fast approaching, highlighting the government's commitment to maintaining a transparent and compliant business environment.