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Experts say that household businesses and individual businesses may receive payments through the owner’s personal accounts, but the practice can be difficult to justify during tax audits. The State Bank of Vietnam (NHNN) said the regulation is aimed at preventing fraud and misrepresentation of a trusted brand, which could be used to misappropriate assets or cause confusion in transfers. It also targets the use of aliases or nicknames when naming payment accounts.
Under Clause 4, Article 13 of Decree 68/2026/ND-CP, household businesses and individual businesses must electronically notify tax authorities of all accounts opened with payment service providers and e-wallet numbers opened with intermediary payment service providers that are related to production and business.
Experts note that, in practice, the requirement focuses on declaring the accounts used for business activities. The rule does not specify that the notification must reference the account name shown on the business license. As a result, household businesses may notify either the owner’s personal account or the account named on the business license, provided the account is used for business activities.
Mr. Le Van Tuan, director of Keytas Accounting Tax Co., Ltd., said that if a household business uses the owner’s personal account to receive customer payments, it carries risks during tax inspections. If tax authorities determine that payments received into a personal account are intended to avoid tax obligations, the case may go beyond recovering unpaid tax. In serious cases, it could lead to criminal liability.
Mr. Tuan added that for household businesses taxed on profit, one key condition for deductible expenses is the payment condition: payments must be made by transfer from the household business account to the supplier’s account—specifically the account in the name of the household business, not the owner’s personal account.
Until tax policy is clarified, he said businesses should pay the supplier’s correct account. In this context, the supplier is the household business owner, but the payment should still be made to the account used for the business, rather than the owner’s personal account.
Mr. Tuan said the rule also requires greater transparency and stricter compliance with tax obligations. If a household business receives customer payments into the owner’s personal account instead of the business account, the behavior is unusual and likely to attract attention from authorities. While this does not definitively prove tax evasion, it is not consistent with common business norms, he emphasized.
He also noted that, as most household businesses use the account in the name on their business license, those using personal accounts are likely to stand out. For tax administration, using personal accounts can complicate oversight. For example, a shop or restaurant displaying a QR code linked to a personal account raises two questions for authorities: whether that personal account has been reported to the tax authorities, and whether the personal account has fulfilled all tax obligations. He said verifying these issues increases the cost and effort of monitoring tax compliance.
By contrast, if the household business account is used, these issues would not arise, Mr. Tuan emphasized.
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