Are accounting documents recorded in a foreign language required to be translated into Vietnamese?
Pursuant to Clause 5, Article 5 of Decree 174/2016/ND-CP, the regulations are as follows:
Accounting documents recorded in foreign languages, when used for bookkeeping and financial reporting in Vietnam, must be translated into Vietnamese with the essential contents prescribed in Clause 1, Article 16 of the Law on Accounting. The accounting unit is responsible for the accuracy and completeness of the content of accounting documents translated from foreign languages to Vietnamese. The translated accounting documents in Vietnamese must be attached to the original documents in foreign languages.
To be specific, the contents that must be translated are as follows:
Individuals with tax debts from 50 million VND or more in Vietnam are temporarily suspended from exit
What is the maximum fine for late provision of information, documents, and accounting books related to the determination of tax obligations in Vietnam?
From January 01, 2025, it is prohibited to file supplementary tax returns when there is a tax audit or inspection decision in Vietnam
From January 1, 2025, abolition of a mandatory content on accounting documents in Vietnam
From January 1, 2025, which individuals in Vietnam are not allowed to continue practicing auditing?
Issuance of Decision No. 1963/QD-KTNN in 2024 on the working regulations of the State Audit Office of Vietnam
What terms are abbreviated on electronic invoices in Vietnam?
What is an electronic invoice in Vietnam? What types of invoices are considered electronic invoices in Vietnam?
Publication of 5 Vietnamese Public Sector Accounting Standards - Phase 3 of 2024
43 standards for state audit issued by the Auditor General in Vietnam from December 30, 2024
