Chapter I
GENERAL PROVISIONS
Article 1. Scope
This Circular provides instructions for bookkeeping, formulation and representation of financial reports of extra-small enterprises. Determination of tax obligations of these enterprises to the State Budget shall be subject to provisions of laws on taxes.
Article 2. Subjects of application
1. Subjects of application to this Circular are extra-small enterprises, including those paying corporate income taxes (CIT) by using the method of calculation of CIT based on assessable income and the method of calculation of CIT based on the CIT-to-sales ratio (%).
2. Criteria for determination of extra-small enterprises adopting accounting regimes prescribed herein shall be subject to legislation on taxes.
Article 3. Application of accounting regimes
1. Extra-small enterprises paying their CIT calculated according to the method of calculation of CIT based on assessable income shall apply the accounting regime specified in Chapter II herein.
2. Extra-small enterprises paying CIT calculated according to the method of calculation of CIT based on the CIT-to-sales ratio (%) shall apply the accounting regime specified in Chapter III herein or may opt to apply the accounting regime specified in Chapter II herein.
3. Extra-small enterprises may opt to apply the accounting regime to medium and small enterprises which is enshrined in the Circular No. 133/2016/TT-BTC dated August 26, 2016 of the Ministry of Finance provided that such regime is appropriate for business characteristics and managerial requirements of these enterprises.
4. Extra-small enterprises shall have the burden of applying the uniform accounting regime in a financial year. Change of the applied accounting regime may only be made in the beginning of the following financial year.
Article 4. Accounting documents
1. Contents of accounting documents, formulation and signing of accounting documents of extra-small enterprises shall be subject to provisions laid down in Article 16, Article 17, Article 18 and Article 19 of the Law on Accounting and specific instructions given herein.
2. Contents and forms of invoices, procedures for formulation, management and use of invoices (including electronic invoices) shall be subject to laws on taxes.
3. Extra-small enterprises may design forms, charts and templates of accounting documents appropriate of their own accord for their business activities provided that they ensure clarity, transparency, and are easily checked or controlled (except for sales invoices). In case where extra-small enterprises do not autonomously design these forms, charts or templates for their own use, they may use those and methods of design of accounting documents according to the instructions given in the Appendix 1 hereto.
Article 5. Accounting books
1. Contents of accounting books, financial accounting systems, opening, recording of entries into, closure, storage and custody of, and correction of data in, accounting books of extra-small enterprises shall be subject to provisions of Article 24, Article 25, Article 26 and Article 27 of the Law on Accounting, and specific instructions given herein.
2. Extra-small enterprises may, of their own accord, design forms, charts and templates of accounting books appropriate for their business activities provided that they ensure clarity, transparency, and are easily checked or controlled. In cases where extra-small enterprises do not autonomously design these forms, charts and templates for their own use, they may use those and bookkeeping methods according to the instructions given in an Appendix hereto.
Article 6. Accounting currency unit
Extra-small enterprises shall apply regulations on accounting currency units prescribed in Article 10 of the Law on Accounting and Article 4 of the Government’s Decree No. 174/2016/ND-CP dated December 30, 2016 elaborating on certain articles of the Law on Accounting.
Article 7. Regulations on archival, custody and safekeeping of accounting records
1. Accounting documents, accounting books and other accounting records shall have to be deposited with enterprises for posting entries on daily basis; determine tax obligations of extra-small enterprises to the state budget, and inspection and control tasks of these enterprises’ owners, tax authorities and other relevant competent authorities.
2. Storage, custody and archival of accounting records by extra-small enterprises shall be subject to the provisions of the Law on Accounting and the Government’s Decree No. 174/2016/ND-CP dated December 30, 2016 elaborating on certain articles of the Law on Accounting.
3. Extra-small enterprises may store and archive accounting documents, accounting books and other accounting records by electronic means as per the Law on Accounting.
Article 8. Design of accounting machinery and accountants
1. Extra-small enterprises shall be charged with performing accounting duties without being bound to appoint the chief accountant. Extra-small enterprises paying CIT in the CIT-to-sales ratio (%) can, at their discretion, undertake accounting tasks under the provisions of Chapter III herein.
2. Recruitment and appointment of a staff member as an accountant for an extra-small enterprise shall be required not to violate provisions laid down in Article 19 of the Government’s Decree No. 174/2016/ND-CP dated December 30, 2016 elaborating on certain articles of the Law on Accounting.
3. Extra-small enterprises shall be entitled to sign contracts with accounting service providers to hire accounting or chief accountant services in accordance with legislation in effect. The list of accounting service providers conforming to accounting service business requirements shall be published and updated on a periodic basis on the Web Portal of the Ministry of Finance.
Tìm kiếm
Thông tư 132/2018/TT-BTC (Bản Word)
Thông tư 132/2018/TT-BTC (Bản Pdf)