📌 04 groups of information that must be provided to the Tax Authority from July 1st, 2026:
- Transactions, account balances, ending balances, income generated, etc.
- Suspicious transactions under anti-money laundering laws.
- Beneficiary, co-account holder, beneficiary, related parties, etc.
- Financial accounts of non-resident taxpayers in Vietnam
From July 1st, 2026, credit institutions, branches of foreign banks, payment service providers, payment intermediaries, online payment service providers (if any), and international card organizations must provide taxpayer account information to the tax authorities and proactively cooperate when detecting unusual transactions requiring tax compliance examination.
How do the regulations regarding the information provided differ from the old regulations?
| Content | Decree 126/2020 (OLD) | Decree 252/2026 (NEW) |
| Transactions and account balances | Only when requested by the tax authorities (inspection, audit, enforcement) | Subject to provision |
| Suspicious transaction | Reviewed upon request by tax authorities. | Proactively review and provide information in accordance with anti-money laundering laws. |
| Beneficial ownership | — not specified — | Subject to provision |
| Provision standards | — not specified — | According to the standards of the Global Forum on Transparency and Exchange of Tax Information. |
What information must banks provide to the Tax Authority?
According to the old regulations in Decree 126/2020/ND-CP, banks only periodically provide account identification information; information on transactions and balances is only provided when requested by the tax authorities for inspection, auditing, determination of tax obligations, or tax enforcement.
Now, Decree 252/2026/ND-CP expands the scope of information that must be provided:
- Account identification information: account holder's name, account number based on tax identification number, account opening location (specifically branch level if applicable), account opening date and account closing date.
- Transaction data and balance: transaction details, including quantity, value, and content; information on the sender and recipient; domestic and cross-border transactions; account balance, ending balance, and income generated from the account.
- Unusual, suspicious transactions as defined by the law on anti-money laundering.
- Related party information: beneficial owner, authorized representative, co-account holder, beneficiary, and other related parties.
- Information conforming to international standards: accounts of non-resident taxpayers in Vietnam, according to the standards of the Global Forum on Transparency and Exchange of Information for Tax Purposes.
According to the Tax Department, the tax authorities currently holds information on approximately 250 million bank accounts, of which approximately 200 million are individual accounts. New regulations on sharing bank account information aim to combine electronic invoice data with cash flow to form a taxpayer data "ecosystem," shifting towards tax management based on cash flow analysis.
Organizations and individuals need to review and standardize their financial transactions to ensure compliance with regulations and avoid legal risks from July 01st, 07.