Propagate and mobilize businesses to establish independent accounting branches in Hai Phong city

Implementing the Party and State's policy on improving the investment and business environment, facilitating business operations, and enhancing the effectiveness and efficiency of state management in the field of tax and business registration, Hai Phong city authorities continue to promote propaganda and mobilize businesses with headquarters outside the city but with regular production and business activities in the research area to establish independent accounting branches in Hai Phong city according to the provisions of law.

According to the Enterprise Law 2020, businesses have the right to establish branches inside and outside the area where the business is headquartered to perform all or part of the business's functions. Establishing a branch not only facilitates expanding the scale of operations, improving management efficiency, but also helps businesses be proactive in organizing production and business, signing contracts, managing finances and fulfilling obligations to the State.

For tax management, the Tax Administration Law 2019 stipulates that taxpayers are responsible for tax registration, declaration, and tax payment fully, accurately, honestly, and on time. Establishing an independent accounting branch in the locality where business activities arise will create conditions for businesses to fully fulfill their obligations on tax registration, tax declaration, payment, use of electronic invoices and compliance with accounting regimes in accordance with the law.

In particular, for businesses operating in the field of petroleum business, the establishment of an independent accounting branch in Hai Phong is important in the context that the State is strengthening digital transformation and modernizing tax management. According to the provisions of Decree No. 83/2014/ND-CP, amended and supplemented by Decree No. 95/2021/ND-CP and Decree No. 80/2023/ND-CP on petroleum business, along with the provisions of law on electronic invoices, petroleum traders must fully implement fully meet the requirements for business conditions, distribution system management, electronic invoicing for sales activities and fulfillment of tax obligations according to regulations.

The establishment of an independent accounting branch by an enterprise with a system of petroleum retail stores in Hai Phong will create favorable conditions in corporate governance, accounting organization, management of revenue, expenses and fulfillment of tax obligations arising in the area.

In addition to the benefits for businesses, the establishment of an independent accounting branch also contributes to increasing the city's budget revenue, accurately reflecting the scale of economic activities in the area, creating more jobs for workers, promoting the development of trade and services and improving the quality of statistics and forecasting to serve the management of local socio-economic development.

With the motto "Taking taxpayers as the service center", the tax agency and business registration agency of Hai Phong city always accompany, guide and support businesses in the process of registering to establish branches, register for taxes, use electronic invoices and carry out administrative procedures electronically, ensuring publicity, transparency and compliance with the law. Currently, in Hai Phong city, businesses only need to submit online applications on the National Business Registration Portal (dangkyquamang.dkkd.gov.vn), instructions on forms and procedures for registering independent accounting branches are posted at the website http://dangkydoanhnghiep.hpnet.vn, businesses are exempt from fees for establishing dependent units according to regulations.in Circular 47/2019/TT-BTC dated August 5, 2019 of the Ministry of Finance. In cases of supporting businesses to register to establish branches with independent accounting, the Department of Finance will quickly handle administrative procedures, coordinate with tax authorities to issue branch operation codes, and issue branch operation registration certificates in the shortest time (within ½ working day).

In the coming time, city authorities will continue to strengthen propaganda, dialogue and business support to encourage businesses with regular production and business activities in the area, especially petroleum businesses, to proactively establish independent accounting branches in Hai Phong city. This is a solution that brings harmonious benefits to businesses, the State and localities; contributing to improving state management efficiency, strengthening discipline in compliance with tax laws and business registration.