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44% Increase in the Number of Active VAT Payers’ Activities

  • The number of active VAT payers has increased by 44%.
  • In February 2024, there were 1,522,750 taxpayers, with 87.3% being individuals and 12.7% being legal entities and other organizations.
  • Compared to the previous year, the total number of taxpayers has increased by 8%, with a 8% increase in individuals and an 8.4% increase in legal entities.
  • In January 2024, 720 commercial entities registered with the state, with 66.1% applying electronically and 33.9% using paper applications.
  • Of the registered commercial entities, 87.2% were domestic investments and 12.8% were foreign investments.
  • The number of active legal entities has increased by 21.1% compared to the previous year, and the number of active VAT payers has increased by 44%.
  • 90.8% of registered commercial entities are limited liability companies, 1.3% are joint-stock companies, and 1.1% are cooperatives.
  • 76% of registered limited liability companies have used the e-registration system.
  • In January 2024, 73 domestic limited liability companies were registered using the new registration method (financial code + mobile number), accounting for 10.1% of total registrations and 11.7% of domestic limited liability company registrations.
  • Overall, 84.7% of electronically registered applications in January were submitted using Asan signature.


Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.


VAT news
VAT news