How many reporting regimes for casino business enterprises in Vietnam are there? What is the form of a report on the operation of casino business enterprise?
How many reporting regimes for casino business enterprises in Vietnam are there?
Pursuant to Article 13 of Circular 102/2017/TT-BTC (supplemented by Article 10 of Circular 84/2020/TT-BTC) stipulates:
Reporting
1. For financial statements:
a) Each company must send a financial statement to Sub-department of Taxation within 30 days from the end date of quarterly accounting period;
b) Each company must send an annual financial statement to the Ministry of Finance, Department of Finance and Sub-department of Taxation within 90 days from the end date of the fiscal year;
c) The company’s legal representative shall take legal responsibility for the accuracy and truthfulness of the statements.
2. For income statements:
Biannually and annually, each company must send income statements using forms in Appendixes 04, 05, 06 and 07 issued herewith to the Ministry of Finance, Department of Finance and the Department of Culture, Sports and Tourism (or the Department of Culture and Sports) and Sub-department of Taxation within 30 days from the end date of the accounting period in accordance with laws and regulations on taxation. The company’s legal representative shall take legal responsibility for the accuracy and truthfulness of the statements.
3. If the Ministry of Finance, or People’s Committee of province or central-affiliated city requires an irregular statement, the company must send it upon requirement.
4. The method of submitting the report shall follow one of the following methods:
a) Send directly in the form of paper documents;
b) Send by postal service in the form of paper documents;
c) Send via email system or specialized reporting information software system;
d) Other methods as prescribed by law.
Accordingly, casino business enterprises must implement two reporting modes:
- Financial statements
- Income statements
If the Ministry of Finance, or People’s Committee of province or central-affiliated city requires an irregular statement, the company must send it upon requirement.
How many reporting regimes for casino business enterprises in Vietnam are there? What is the form of a report on the operation of casino business enterprise? (Image from IInternet)
How often should the casino business enterprises in Vietnam report on their operations?
Pursuant to Clause 2, Article 13 of Circular 102/2017/TT-BTC stipulates:
Reporting
...
2. For income statements:
Biannually and annually, each company must send income statements using forms in Appendixes 04, 05, 06 and 07 issued herewith to the Ministry of Finance, Department of Finance and the Department of Culture, Sports and Tourism (or the Department of Culture and Sports) and Sub-department of Taxation within 30 days from the end date of the accounting period in accordance with laws and regulations on taxation. The company’s legal representative shall take legal responsibility for the accuracy and truthfulness of the statements.
Accordingly, biannually and annually, each company must send income statements using forms in Appendixes 04, 05, 06 and 07 issued herewith to the Ministry of Finance, Department of Finance and the Department of Culture, Sports and Tourism (or the Department of Culture and Sports) and Sub-department of Taxation.
The deadline is within 30 days from the end date of the accounting period
What is the report form on the operation of the casino business enterprise in Vietnam?
Currently, the form of a report on the operation of the casino business enterprise is specified in Appendix 04 issued with Circular 102/2017/TT-BTC, specifically as follows:
Download the form of the report on the operation of the casino business enterprise: here
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