In case the collected information of the tax accounting module in Vietnam has errors, how will it be handled from July 1, 2022?
How to correct errors in the collected information of the tax accounting module in Vietnam?
Pursuant to Article 14 of Circular 111/2021/TT-BTC stipulating as follows:
“Article 14. Adjustment of collected input information of the Tax Accounting Module
1. In case of errors or omissions in the tax management professional modules
Department of professional tax administration records according to the professional process promulgated by the Director of the General Department of Taxation, update the adjusted professional tax records into the tax management professional module to serve as a basis for the tax administration. The Taxpayer Obligation Management Module prepares input information for the Tax Accounting Module according to the provisions of Article 13 of this Circular. Depending on the accounting year when incorrect and erroneous information is generated and the time of information adjustment in the business processing modules, the accounting tax accounting module adjusts input information according to the tax accounting period specified in Clause 1 of this Article. Article 8 of this Circular.
2. In case of adjusting the data already accounted for in the Tax Accounting Module according to the provisions of Clause 2, Article 16 of this Circular, the tax accounting department shall prepare the adjusted documents according to the provisions of Article 16 of this Circular and update it. Update the adjusted documents into the Tax Accounting Module. The tax accounting module shall record the adjusted entries according to the accounting method prescribed by the Director of the General Department of Taxation. Depending on the accounting year when incorrect or erroneous information is generated and the time of information adjustment, the tax accounting module shall adjust the input information according to the tax accounting period specified in Article 8 of this Circular.
3. In case of adjustment due to a change in the principle of automatic accounting on the Taxpayer Obligation Management Module or a change in the method of collecting input information of the Tax Accounting Module, the written instructions shall be followed. copy of the Director of the General Department of Taxation.”
Thus, in case there is an error or adjustment of the collected input information of the tax accounting module, the above provisions shall be complied with.
In case the collected information of the tax accounting module has errors, how will it be handled from July 1, 2022?
Responsibility when entering input information of tax accounting module in Vietnam?
Pursuant to Article 15 of Circular 111/2021/TT-BTC stipulating the responsibilities of departments for input information of the Tax Accounting Module are implemented as follows:
- The tax administration professional divisions are responsible for handling tax administration professional dossiers according to the professional tax administration processes promulgated by the Director of the General Department of Taxation as a basis for collecting initial information. in tax accounting.
- The Taxpayer Obligation Management Division is responsible for controlling information in the Taxpayer Obligation Management Module to ensure the complete and accurate preparation of input information for the Tax Accounting Module.
- The tax accounting department is responsible for controlling the collection of input information in the Tax Accounting Module to record tax accounting books according to tax accounting principles.
Accordingly, the professional departments of tax administration, careful management of taxpayers' obligations and tax accountants will be responsible for performing the tasks within their scope according to the content specified above.
What information will tax accounting vouchers show?
Pursuant to Article 16 of Circular 111/2022/TT-BTC stipulating as follows:
“Article 16. Tax accounting documents
1. Tax accounting vouchers must comply with the contents, methods of making and signing vouchers as prescribed by the Law on Accounting and have all information as guided in Clause 2, Article 12 of this Circular. Tax accounting vouchers reflecting information on receivables, collected, outstanding, payable, refunded, still to be refunded, exempted, reduced, frozen or written off are prepared in a number of cases as prescribed in Clause 1 of this Article. Clause 2 of this Article.
2. Cases of making tax accounting vouchers
a) In case the tax authority has to adjust the state budget revenue data at the request of the State Treasury or a competent agency, the adjusted information only affects the tax accounting report data, not change the taxpayer's tax liability on the Taxpayer Obligation Management Module.
b) In case the policy change leads to the adjustment of tax accounting report data without changing the tax liability of the taxpayer.
3. List of tax accounting vouchers
The list, form and method of making tax accounting vouchers are specified in Appendix II issued with this Circular.”
Thus, tax accounting vouchers will reflect information such as amounts receivable, collected, outstanding, payable, refunded, still to be refunded, exempted, reduced, frozen, and written off. The preparation of tax accounting vouchers shall comply with the above provisions.
Circular 111/2021/TT-BTC will take effect from July 1, 2022.
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