Legal News

[Taxation] Where to submit audited financial statements for foreign companies

2024/03/28

Pursuant to Article 37.1a of the Independent Audit Law No. 67/2011/QH12, the annual financial statements of a foreign entity must be audited by an auditing firm. We would like to reiterate the following provisions regarding the place of submission of audited financial statements.

 

No.	Location	circulation	form	Submission Method	remarks
1	Japan Finance Corporation/Finance Agency	1	hard copy	Direct Submission	ー
2	Statistics Bureau/Statistics Directorate-General	1	hard copy	Direct Submission	ー
3	Tax Administration / Directorate General of Taxation	1	scan file	Online Submission	ー
4	Department of Planning and Investment, Business Registration Division	1	hard copy	Direct Submission	In some jurisdictions, the Business Registration Department does not accept hard copies of financial statements because tax data is consolidated with business registration data (*). Companies should check with the competent business registration department before submission. *In Hanoi, submission is not required.
5	Industrial Park and Export Processing Zone Management Committee (if required)	1	hard copy	Direct Submission	Companies headquartered in export processing zones, industrial parks, and high-tech zones are eligible. (if required)
6	State Securities Commission, Stock Exchange	1	hard copy	Direct Submission	Public companies, listed organizations, securities issuing organizations, brokerage firms, securities investment firms, and fund management companies are covered.

 

Reference Laws and Regulations
– Law No. 67/2011/QH12 dated March 29, 2011 on Independent Audit
– Circular 200/2014/TT-BTC dated 22 December 2014 on the corporate accounting system
– Article 18(*) of the Joint Circular 01/2016/TTLT-BKHDT-BTC