What is the application for issuance of the Certificate of eligibility to provide accounting services for private enterprises in Vietnam?
- What are the conditions for issuance of the Certificate of eligibility to provide accounting services for private enterprises in Vietnam?
- What is the application for issuance of the Certificate of eligibility to provide accounting services for private enterprises in Vietnam?
- What is the time limit for issuance of the Certificate of eligibility to provide accounting services for private enterprises in Vietnam?
What are the conditions for issuance of the Certificate of eligibility to provide accounting services for private enterprises in Vietnam?
Pursuant to the provisions of Clause 3, Article 60 of the Law on Accounting 2015, the regulations are as follows:
Conditions for issuance of the Certificate of eligibility to provide accounting services
1. A multi-member limited liability company shall be granted the Certificate of eligibility to provide accounting services after all of the conditions below are satisfied:
a) The company has a Certificate of Enterprise Registration, Investment Registration Certificate, or an equivalent document as prescribed by law;
b) At least two capital contributors (members) are accounting practitioners;
c) The legal representative, Director or General Director of the company is an accounting practitioner;
d) The accounting practitioners’ holdings in the enterprise, the holdings of members being organizations are conformable with regulations of the Government.
2. A partnership shall be granted the Certificate of eligibility to provide accounting services after all of the conditions below are satisfied:
a) The partnership has a Certificate of Enterprise Registration, Investment Registration Certificate, or an equivalent document as prescribed by law;
b) At least two general partners are accounting practitioners;
c) The legal representative, Director or General Director of the partnership is an accounting practitioner.
3. A private enterprise shall be granted the Certificate of eligibility to provide accounting services after all of the conditions below are satisfied:
a) The enterprise has a Certificate of Enterprise Registration, Investment Registration Certificate, or an equivalent document as prescribed by law;
b) There are at least two accounting practitioners in the enterprise;
c) The owner of the private company, who holds the position of Director, is an accounting practitioner.
Thus, according to the above regulations, the conditions for issuance of the Certificate of eligibility to provide accounting services for private enterprises:
- The enterprise has a Certificate of Enterprise Registration, Investment Registration Certificate, or an equivalent document as prescribed by law;
- There are at least two accounting practitioners in the enterprise;
- The owner of the private company, who holds the position of Director, is an accounting practitioner.
What is the application for issuance of the Certificate of eligibility to provide accounting services for private enterprises in Vietnam?
What is the application for issuance of the Certificate of eligibility to provide accounting services for private enterprises in Vietnam?
Pursuant to the provisions of Article 61 of the Law on Accounting 2015, regulations on application for Certificate of eligibility to provide accounting services for private enterprises include:
- An application form for the Certificate of eligibility to provide accounting services.
- Copies of the Certificate of Enterprise Registration, Investment Registration Certificate, or an equivalent document.
- Copies of Certificates of Accounting Practice Registration of accounting practitioners.
- Employment contracts between the accounting firm and accounting practitioners.
What is the time limit for issuance of the Certificate of eligibility to provide accounting services for private enterprises in Vietnam?
Pursuant to the provisions of Article 62 of the Law on Accounting 2015, regulations on the time limit for issuance of the Certificate of eligibility to provide accounting services for private enterprises are as follows:
Deadline for issuance of Certificate of eligibility to provide accounting services
1. Within 15 days from the receipt of the satisfactory application, the Ministry of Finance shall issue the Certificate of eligibility to provide accounting services. If the application is rejected, explanation must be provided in writing.
2. If the application needs clarifying, the Ministry of Finance shall request the applicant to provide explanation. The time limit for issuance of the Certificate of eligibility to provide accounting services begins from the date of receipt of additional documents.
Thus, based on the above regulations, within 15 days from the receipt of the satisfactory application, the Ministry of Finance shall issue the Certificate of eligibility to provide accounting services. If the application is rejected, explanation must be provided in writing.
In addition, if the application needs clarifying, the Ministry of Finance shall request the applicant to provide explanation.
The time limit for issuance of the Certificate of eligibility to provide accounting services begins from the date of receipt of additional documents
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