When is the last day of annual accounting periods in Vietnam?
When is the last day of annual accounting periods in Vietnam? What is caculation of first accounting period of a new enterprise in Vietnam?
Hi, I have a problem that needs to be answered. I graduated in Tourism and Hospitality in July 2021, but because of the Covid-19 epidemic, tourism has not yet developed strongly, so I have not yet applied for a job. I have to go to work in the opposite major that my current major is related to accounting. Because this is an major that has nothing related with the major I studied, there are regulations that I cannot fully understand. May I ask when is the last day of the annual accounting period?
Please advise. Thankyou.
1. When is the last day of annual accounting periods in Vietnam?
Clause 1, Article 12 of the 2015 Accounting Law stipulates that accounting periods include annual accounting periods, quarterly accounting periods, and monthly accounting periods. To be specific:
a) An annual accounting period is 12 months from January 01 to the end of December 31. Any accounting unit, because of its difference in organizational structure or operation, that is allowed to begin the annual accounting period on the 1st of the first month of a quarter and end it on the last day of the last month of the next four quarter must notify the finance authority and tax authority.
b) A quarterly accounting period lasts for 03 months from the 1st of the first month of the quarter to the last day of the last month of the quarter;
c) A monthly accounting period lasts for 01 month from the 1st to the last day of the month.
Thus, according to the above regulations, the annual accounting period is 12 months from January 01 to the end of December 31 in Vietnam. For example, the accounting period of 2022 is calculated from January 1, 2022 to the end of December 31, 2022.
2. What is caculation of first accounting period of a new enterprise in Vietnam?
According to Clause 2, Article 12 of the 2015 Accounting Law, accounting periods of a new accounting unit:
a) The first accounting period of a new enterprise begins on the issuance date of the Certificate of Enterprise Registration and ends on the last day of the annual, quarterly, or monthly accounting period specified in Clause 1 of this Article;
b) The first accounting period of another accounting unit other than a new enterprise begins on the issuance date of the decision on establishment of the accounting unit and ends on the last day of the annual, quarterly, or monthly accounting period specified in Clause 1 of this Article.
Therefore, according to the above provisions, the first accounting period of a new enterprise in Vietnam begins on the issuance date of the Certificate of Enterprise Registration and ends on the last day of the annual, quarterly, or monthly.
Best Regards!
![Hỏi đáp Pháp luật](https://cdn.lawnet.vn//nhch-images/2024/PVHM/Thang8/0826/HOAT-DONG-KIEM-TOAN.png)
![Hỏi đáp Pháp luật](https://cdn.lawnet.vn/nhch-images/images/2024/LTTN/cham-thong-bao-huy-hoa-don.jpg)
![lawnet.vn](https://cdn.lawnet.vn//nhch-images/images/2023/PVHM/Thang8/0813/THUE-GTGT.png)
![lawnet.vn](https://cdn.lawnet.vn//nhch-images/images/2023/PVHM/Thang8/0813/HD-DIEN-TU.png)
![lawnet.vn](https://cdn.lawnet.vn//nhch-images/2023/PVHM/Thang7/0727/NGHIA-VU-THUE.jpg)
![lawnet.vn](https://cdn.lawnet.vn//nhch-images/2023/PVHM/Thang7/Tuan2/HOA-DON-DIEN-TU.jpg)
![lawnet.vn](https://cdn.lawnet.vn/nhch-images/2023/LTN/thang6/khai-thue-gtgt-thang.jpg)
![lawnet.vn](https://cdn.lawnet.vn/nhch-images/2023/LTN/thang6/thu-nop-ns-nn.jpg)
![lawnet.vn](https://cdn.lawnet.vn/nhch-images/2023/LTN/thang6/dk-thue.jpg)
![lawnet.vn](https://cdn.lawnet.vn/nhch-images/2023/LTN/thang6/tam-ngung-kd.jpg)