What are regulations on classification of domestic đá bóng trực tiếp accounting in Vietnam?

What are regulations on classification of domestic đá bóng trực tiếp accounting in Vietnam?

Pursuant to Clauses 2 and 3 of Article 24Circular 111/2021/TT-BTC, the domestic đá bóng trực tiếp accounting are classified into the following types:

- Type 1 Accounts - Receivables: These accounts reflect the taxes that need to be collected, have been collected, still need to be collected, or debts that are marked for the đá bóng trực tiếp authorities at all levels towards taxpayers or organizations authorized by the đá bóng trực tiếp authorities to collect taxes.

- Type 3 Accounts - Payables and Settlements: These accounts reflect the taxes that the đá bóng trực tiếp authorities must refund, have refunded, or still need to refund to taxpayers or organizations authorized by the đá bóng trực tiếp authorities to collect taxes; the settlement status with the state budget regarding the đá bóng trực tiếp authorities' revenue and refunds.

- Type 7 Accounts - Receipts: These accounts reflect the đá bóng trực tiếp revenue of đá bóng trực tiếp authorities at all levels.

- Type 8 Accounts - Refunds, Exemptions, Reductions, Debt Write-offs: These accounts reflect the value-added đá bóng trực tiếp and special consumption đá bóng trực tiếp refunds according to đá bóng trực tiếp law; đá bóng trực tiếp exemptions, reductions, and write-offs for taxpayers as decided by the đá bóng trực tiếp authorities or a competent state authority.

Detailed itemization of the đá bóng trực tiếp accounting account system is as follows:

What are regulations on classification of domestic đá bóng trực tiếp accounting in Vietnam? (Image from the Internet)

Which authority is responsible for specifying the accounting method for each type of đá bóng trực tiếp management transaction in Vietnam?

Pursuant to Clause 7, Article 24Circular 111/2021/TT-BTCas follows:

đá bóng trực tiếp accounting account code

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4. During the implementation of đá bóng trực tiếp accounting, the General Director of the Vietnam General Department of Taxation is authorized to supplement detailed accounting accounts from Level 2 onwards for the accounts stipulated in Clause 3 of this Article to meet đá bóng trực tiếp management requirements. The new, modification, or addition of Level 1 accounts is decided by the Minister of Finance based on proposals from the General Director of the Vietnam General Department of Taxation.

5. In the đá bóng trực tiếp Accounting Subsystem, it is allowed to establish intermediary accounts for accounting purposes but this must not alter the nature of the đá bóng trực tiếp management transaction being accounted for and must comply with the general principles of the account system stipulated in this Circular. Intermediary accounts must be cleared of balances immediately after the relevant đá bóng trực tiếp management transactions are completed and must not be carried over to the next financial year.

6. The content and structure of bookkeeping accounts are specified in Appendix III issued together with this Circular.

7. The General Director of the Vietnam General Department of Taxation specifies the accounting method for each type of đá bóng trực tiếp management transaction in conformity with đá bóng trực tiếp management requirements, đá bóng trực tiếp management processes, information technology application systems in đá bóng trực tiếp accounting, and in accordance with this Circular.

Thus, according to the regulations, the General Director of the Vietnam General Department of Taxation is responsible for specifying the accounting method for each type of đá bóng trực tiếp management transaction in conformity with đá bóng trực tiếp management requirements, đá bóng trực tiếp management processes, information technology application systems in đá bóng trực tiếp accounting, and in accordance with this Circular.

What are requirements for domestic đá bóng trực tiếp accountingin Vietnam?

Pursuant to Article 18Circular 111/2021/TT-BTC, domestic đá bóng trực tiếp accounting must meet the following requirements:

- The account content must be designed in accordance with the State Budget Law 2015, Accounting Law 2015, đá bóng trực tiếp Administration Law 2019, organization of đá bóng trực tiếp accounting apparatus, and information organization of đá bóng trực tiếp authorities at all levels.

- Fully reflect all economic and financial activities related to đá bóng trực tiếp management and settlement with the state budget of đá bóng trực tiếp authorities at all levels.

- Facilitate the collection, processing, exploitation, and provision of information through information technology applications, ensuring the capability to automatically exchange and transmit data on state budget revenue management within the Finance sector between the đá bóng trực tiếp Accounting Subsystem and the state budget revenue management systems of the Ministry of Finance and State Treasury.