General Requirements of Export and Import Tax Accounting

Based on Article 5 of the Regulation on Updating Accounting Data on Taxes and Other Revenues for Export and Import Goods issued together with Decision 3613/QD-TCHQ in 2019, which stipulates the general requirements for tax accounting for exports and imports as follows:

- Tax and other revenue transactions for export and import goods arising during the period must be promptly updated into the accounting books and accounting reports to ensure conformity with the law.

- Information and data on export and import tax accounting must be lawful, valid, accurately updated, and within the prescribed time.

- Information and data on tax accounting must truthfully reflect the current status, nature, content, and value of tax transactions and other revenues for export and import goods.

- Information and data on export and import tax accounting must be continuously reflected; accounting data reflected in this period must be continuous with the accounting data of the previous period.

- Information and data on export and import tax accounting must be classified and arranged in the correct order of transaction occurrence by time, systematically, and consistent with tax management indicators.

Respectfully!