6 Important Accounting Tasks to be Done Immediately in June 2018

1. Before June 3: Notify labor fluctuations for May (if any)

Pursuant to Clause 2, Article 6 of Circular 28/2015/TT-BLDTBXH, in case the enterprise has an increase/decrease in the number of employees during May, it must send a Notification according to form No. 29 issued together with Circular 28/2015/TT-BLDTBXH about labor fluctuations to the Employment Service Center where the enterprise is headquartered, before June 3, 2018.

Download form No. 29 of the Notification of labor fluctuations HERE.

2. Submit personal income tax declaration for enterprises declaring monthly

If in May, the enterprise has deducted personal income tax, it must submit the personal income tax declaration at the tax authority no later than June 20, 2018 (based on Point a, Clause 3, Article 10 of Circular 156/2013/TT-BTC).

Depending on the type of income (income from wages, salaries, or income from capital transfer), the tax declaration dossier will be different. Download the personal income tax declarations for each case HERE.

3. Submit value-added tax declaration before June 21, 2018

At Point a, Clause 2, Article 11 and Point a, Clause 3, Article 10 of Circular 156/2013/TT-BTC, it is stipulated that enterprises with total revenue from the sale of goods and provision of services of the previous year exceeding 50 billion VND must submit the value-added tax declaration on a monthly basis, no later than the 20th of the following month.

Download the VAT declaration HERE.

4. Submit the report on the use of invoices for May

According to the provisions of Article 27 of Circular 39/2014/TT-BTC, enterprises with a high risk of tax or are using self-printed, ordered invoices and have been administratively sanctioned for tax evasion must report the situation of using invoices to the tax authority that directly manages them no later than June 20, 2018.

Download the form for the Report on the Use of Invoices HERE.

5. Pay social insurance, health insurance, and unemployment insurance

According to Decision 595/QD-BHXH, no later than the last day of June (i.e. June 30, 2018), enterprises must deduct amounts to pay Social Insurance, Health Insurance, Unemployment Insurance based on the monthly wage funds of their employees.

At the same time, they must deduct from their employees' monthly salaries to pay Social Insurance, Health Insurance, and transfer these amounts in one go to the specialized collection accounts of the Social Insurance agency at the bank or State Treasury.

See the details of the social insurance contribution rates for employees HERE.

6. Pay trade union funding along with social insurance

Pursuant to Decree 191/2013/ND-CP, whether an enterprise has a Trade Union or not, 2% of the wage fund, which is the basis for Social Insurance contributions, must be paid into the Trade Union fund.

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