Therefore, requiring business households to notify tax authorities of all bank accounts related to production and business is normal. Lawyer Truong Thanh Duc, Director of Anvi Law Firm, also thinks that disclosing business accounts is mandatory and natural. Without account declaration, one should not conduct business.”Separate business and personal accountsTuan advised household businesses to use dedicated accounts for business activities. He cautioned against using personal accounts to receive payments for goods or services and recommended limiting transfers between business and personal accounts. According to Tuan, separating accounts makes it easier for business households during periodic tax inspections or when dissolving and closing business household licenses.

Source: VietNamNet News December 24, 2025 02:03 UTC