What is the accounting database for export and import duties in Vietnam?

What is the accounting database for export and import duties in Vietnam?

According to the provisions of Clause 3, Article 3 of Circular 174/2015/TT-BTC, the database for export and import duty accounting is a collection of information and data on export and import duty accounting (including accounting documents, accounting books, accounting reports related to taxes and other revenue on export and import goods) that are stored, arranged, and organized for access, exploitation, management, and updates through electronic means on the centralized export and import duty management system of the General Department of Customs.

What are bases for updates and records into the database for export and import duty accounting in Vietnam?

The opening, recording, and closing of the export and import duty accounting books are stipulated in Article 56 of Circular 174/2015/TT-BTC as follows:

Opening, recording, and closing the export and import duty accounting books

1. The export and import duty accounting books must be opened at the beginning of the accounting period year; for newly established tax accounting units, the accounting books must be opened from the date of establishment.

2. The accounting unit must base on accounting documents to record the accounting books. The recording of the accounting books must be prompt, clear, and complete according to the content of each accounting book. The information and data reflected in the accounting books must be accurate, truthful, and consistent with the accounting documents.

3. The accounting books are recorded in chronological order of transactions. The updates and records into the accounting books and the database for export and import duty accounting must be based on prescribed accounting documents and must be verified to ensure the accuracy of the transactions. It is strictly prohibited to record in the accounting books any information without accounting documents as proof. Those responsible for updating data into the export and import duty accounting system must be responsible for the accuracy of the updated information, ensuring it fully, promptly, accurately, truthfully, continuously, and systematically reflects all related transactions concerning the management of taxes and other revenues on export and import goods.

4. The accounting unit must close the accounting books at the end of the monthly and yearly accounting periods before preparing financial reports.

5. In addition to the above cases, accounting units must also open and close the books in other cases as prescribed by accounting laws.

Thus, the updates and records into the database for export and import duty accounting must be based on prescribed accounting documents and must be verified to ensure the accuracy of the transactions.

- It is strictly prohibited to record in the accounting books any information without accounting documents as proof.

- Those responsible for updating data into the export and import duty accounting system must be responsible for the accuracy of the updated information, ensuring it fully, promptly, accurately, truthfully, continuously, and systematically reflects all related transactions concerning the management of taxes and other revenues on export and import goods.

What is the accounting database for export and import duties in Vietnam? (Image from the Internet)

Must the data on the financial report be aggregated from the database for export and import duty accounting in Vietnam?

According to the provisions of Article 59 of Circular 174/2015/TT-BTC regarding export and import duty financial reports as follows:

Article 59. export and import duty financial reports

1. export and import duty financial reports must be prepared according to specified forms; the indicators in the report must ensure consistency, logical interrelation, and systematic service for researching, analyzing, and evaluating the situation of tax collection and other revenues on export and import goods. In cases where the General Department of Customs deems it necessary to change the indicators and information on the report to suit management requirements, it must have the approval of the Ministry of Finance.

2. The data on the financial report must be accurate, truthful, objective, and aggregated from the database for export and import duty accounting after being verified, cross-checked, and the accounting books closed.

3. Financial reports must be prepared, submitted timely, and fully sent to designated recipients.

Thus, the data on the financial report must be aggregated from the database for export and import duty accounting after being verified, cross-checked, and the accounting books closed.