The law provides for suspension of business activities like

Question:

The company I founded in 2013, but this activity is not effective, I would like to suspend operations for a time. Ask legislation provides for suspension of operation like. Thank you.

Answer:

Pursuant to Article 156 of the Enterprise Law 2005 stipulates:

"The enterprise has the right to suspend business must be notified in writing of the time and duration of suspension or continuing business for the agency business registration and tax authorities no later than fifteen days before the date of suspension or continued business. "

During the suspension of business activities, enterprises must pay full amount of taxes owed, the continued payment of debts, complete the implementation of the signed contract with the customer and the employee, unless the creditor business customer and employee agree otherwise.

In Paragraph 3, Article 57 of Decree No. 43/2010 / ND-CP dated 15/4/2010 Regarding Registration deadline stipulated suspended business stated in the notice shall not exceed one year. After expiry notified if businesses, households continued business must suspend further notice to the business registration agency. Total time consecutive trading suspension shall not exceed two years.

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