What are amendments to regulations on accounting period in Vietnam from January 01, 2025? How is bóng đá hôm nay trực tiếp tax accounting period calculated?
What are amendments toregulations on accounting period in Vietnam from January 01, 2025?
Based on Clause 4, Article 2 of bóng đá hôm nay trực tiếpLaw Amending bóng đá hôm nay trực tiếp Securities Law, Accounting Law, Independent Audit Law, State Budget Law, Law on Management and Use of Public Property, Tax Administration Law, Personal Income Tax Law, National Reserve Law, Law on Handling Administrative Violations 2024(effective from January 01, 2025) stipulating amendments and supplements to several provisions of bóng đá hôm nay trực tiếp Accounting Law as follows:
Amendments and Supplements to Some Articles of bóng đá hôm nay trực tiếp Accounting Law
...
- Amend and supplement Clause 4, Article 12 as follows:
“4. If bóng đá hôm nay trực tiếp first or last financial year has a period not exceeding 03 consecutive monthly accounting periods, it is permissible to consolidate with bóng đá hôm nay trực tiếp following financial year or bóng đá hôm nay trực tiếp preceding financial year to form one financial year; bóng đá hôm nay trực tiếp first or last financial accounting year must not exceed 15 months.".
...
Simultaneously, based on Clause 4, Article 12 of bóng đá hôm nay trực tiếpAccounting Law 2015, bóng đá hôm nay trực tiếp accounting period is stipulated as follows:
Accounting Period
...
- If bóng đá hôm nay trực tiếp first or last financial year has a period shorter than 90 days, it is permissible to consolidate with bóng đá hôm nay trực tiếp following financial year or bóng đá hôm nay trực tiếp preceding financial year to form one financial year; bóng đá hôm nay trực tiếp first or last financial accounting year must be shorter than 15 months.
Thus, from January 01, 2025, bóng đá hôm nay trực tiếpLuật sửa đổi Luật Chứng khoán, Luật Kế toán, Luật Kiểm toán độc lập, Luật Ngân sách Nhà nước, Luật Quản lý, sử dụng trực tiếp bóng đá hôm nay euro sản công, Luật Quản lý thuế, Luật Thuế thu nhập cá nhân, Luật Dự trữ quốc gia, Luật Xử lý vi phạm hành chính 2024 Số hiệu 56/2024/QH15officially adjusts bóng đá hôm nay trực tiếp regulations on determining bóng đá hôm nay trực tiếp accounting period in cases where bóng đá hôm nay trực tiếp first or last financial year has a period not exceeding 03 consecutive monthly accounting periods, as opposed to 90 days previously.
This adjustment aims to include months having 31 days, avoiding complications for financial periods in bóng đá hôm nay trực tiếp second and third quarters extending to 92 days due to both July and August having 31 days.
What are amendments to regulations on accounting period in Vietnam from January 01, 2025?How is bóng đá hôm nay trực tiếp tax accounting period calculated? (Image from Internet)
How to calculate thetax accounting period in Vietnam?
According to Clause 1, Article 8 ofCircular 111/2021/TT-BTC, bóng đá hôm nay trực tiếp tax accounting period is determined as follows:
bóng đá hôm nay trực tiếp tax accounting period is determined by bóng đá hôm nay trực tiếp calendar year, referred to as bóng đá hôm nay trực tiếp fiscal year, consisting of four characters, specifically:
- bóng đá hôm nay trực tiếp tax accounting period is calculated from bóng đá hôm nay trực tiếp beginning of January 01 to bóng đá hôm nay trực tiếp end of December 31 of bóng đá hôm nay trực tiếp calendar year.
- bóng đá hôm nay trực tiếp first tax accounting period for a newly established tax accounting unit is determined from bóng đá hôm nay trực tiếp start of bóng đá hôm nay trực tiếp effective date of bóng đá hôm nay trực tiếp establishment, division, separation, merger, or consolidation decision of bóng đá hôm nay trực tiếp tax accounting unit until bóng đá hôm nay trực tiếp end of December 31 of bóng đá hôm nay trực tiếp calendar year.
- bóng đá hôm nay trực tiếp final tax accounting period for a tax accounting unit when divided, separated, merged, consolidated, or dissolved is calculated from bóng đá hôm nay trực tiếp beginning of January 01 of bóng đá hôm nay trực tiếp calendar year to bóng đá hôm nay trực tiếp day before bóng đá hôm nay trực tiếp effective date of bóng đá hôm nay trực tiếp division, separation, merger, consolidation, or dissolution decision of bóng đá hôm nay trực tiếp tax accounting unit.
- bóng đá hôm nay trực tiếp duration of bóng đá hôm nay trực tiếp first and final tax accounting years shall be implemented according to bóng đá hôm nay trực tiếp guidance of bóng đá hôm nay trực tiếpLuật đá bóng trực tiếpand guiding documents.
Vietnam: What does bóng đá hôm nay trực tiếp content of tax accounting include?
Based on Article 6 ofCircular 111/2021/TT-BTC, bóng đá hôm nay trực tiếp content of tax accounting work includes bóng đá hôm nay trực tiếp following tasks:
- Collecting input information for tax accounting, preparing tax accounting documents
+ Collecting input information for tax accounting is a task of tax accounting performed automatically by bóng đá hôm nay trực tiếp Tax Accounting Subsystem connected with bóng đá hôm nay trực tiếp Taxpayer Obligation Management Subsystem as stipulated in Articles 12, 13, 14, and 15 ofCircular 111/2021/TT-BTCto fully determine bóng đá hôm nay trực tiếp contents of each tax accounting account.
+ In bóng đá hôm nay trực tiếp case of tax accounting book entries not through bóng đá hôm nay trực tiếp input information collection process of bóng đá hôm nay trực tiếp Tax Accounting Subsystem, bóng đá hôm nay trực tiếp official performing tax accounting tasks shall prepare tax accounting documents as stipulated in Article 16 ofCircular 111/2021/TT-BTC.
- Recording tax accounting books is a task of tax accounting performed automatically by bóng đá hôm nay trực tiếp Tax Accounting Subsystem to record tax accounting input information and tax accounting documents specified in Clause 1, Article 6 ofCircular 111/2021/TT-BTCto account tax transactions, reflecting tax management activities arising in bóng đá hôm nay trực tiếp tax accounting period, including opening, recording, closing, and correcting tax accounting books as stipulated in Section 3, Chapter 2 ofCircular 111/2021/TT-BTC.
- Preparing tax accounting reports is a task of tax accounting performed automatically by bóng đá hôm nay trực tiếp Tax Accounting Subsystem or by bóng đá hôm nay trực tiếp official performing tax accounting tasks to summarize tax management results of tax authorities at all levels (including taxes payable, collected, still to be collected, refundable, refunded, remaining to be refunded, exempted, reduced, debt frozen, written off) as stipulated in Section 4, Chapter 2 ofCircular 111/2021/TT-BTC.
- Storing and providing tax accounting information and documents is a task of tax accounting performed in accordance with Article 9 ofCircular 111/2021/TT-BTC.
