Circular 202: Regulations on the Recipients of Annual and Quarterly Consolidated Financial Statements

Circular 202: Regulations on submission of annual and quarterly consolidated financial statements (illustrative photo)

Article 7 of Circular 202/2014/TT-BTC stipulates that annual and interim (quarterly) consolidated financial statements must be submitted to financial authorities, tax authorities, statistical offices, the authority issuing Investment Certificates or Business Registration Certificates, the State Securities Commission, and the Stock Exchange. To be specific:

1. Financial Authorities:

Groups and parent companies owned by the state established by the provincial People's Committee must submit the Consolidated Financial Statements to the Department of Finance. Groups and parent companies owned by the state established by Ministries, ministry-level agencies, governmental agencies, or the Prime Minister must submit the Consolidated Financial Statements to the Ministry of Finance (Corporate Finance Department), except for the following cases:

- State-owned groups and parent companies operating in the banking and financial investment fields must submit the Consolidated Financial Statements to the Ministry of Finance (Department of Banking and Financial Institutions). State Capital Investment Corporation (SCIC); Debt and Asset Trading Corporation (DATC); Bao Viet Holdings, in addition to submitting the consolidated financial statements according to the regulations mentioned above, must also submit them to the Corporate Finance Department;

- State-owned groups and parent companies operating in the insurance sector must submit the Consolidated Financial Statements to the Ministry of Finance (Insurance Supervisory and Administration Department);

- State-owned groups and parent companies operating in the securities field must submit the Consolidated Financial Statements to the State Securities Commission and the Stock Exchange.

2. In addition to submitting reports as specified in point 1 above, state-owned parent companies must also submit Consolidated Financial Statements to the entities exercising ownership rights as allocated and delegated in Decree 99/2012/ND-CP (if any).

3. Tax Authorities and Statistical Offices:

- State-owned groups and parent companies established by Ministries, ministry-level agencies, governmental agencies, or the Prime Minister must submit the Consolidated Financial Statements to the General Department of Taxation, local tax authorities, the General Statistics Office, and local statistical offices.

- Other groups and parent companies must submit the Consolidated Financial Statements to local Tax Authorities and Statistical Offices.

4. Authority issuing Investment Certificates or Business Registration Certificates:

Non-state-owned parent companies submit the Consolidated Financial Statements to the authority issuing the Investment Certificate or Business Registration Certificate.

5. Public companies, listed organizations, organizations issuing securities to the public, securities companies, investment companies, funds, and fund management companies must submit the Consolidated Financial Statements to the State Securities Commission and the Stock Exchange where the company is listed.

For details, see Circular 202/2014/TT-BTC, which is effective from February 27, 2015.

Ty Na

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