Circular 37: Responsibilities of entities related to self-printed withholding certificates in Vietnam

10:14, 22/03/2010

Responsibilities of entities related to self-printed withholding certificates in Vietnam are the main contents specified in Circular 37/2010/TT-BTC guiding the issuance, use and management of certificates of personal income tax withholding printed out from computers by income payers in Vietnam.

Circular 37: Responsibilities of entities related to c in Vietnam (Internet image)

Circular 37/2010/TT-BTC stipulates the responsibilities of entities related to self-printed withholding certificates in Vietnam as follows:

- Responsibilities of income-paying organizations permitted to use self-printed withholding certificates in Vietnam

To notify provincial-level Tax Departments with which they have registered for the use of withholding certificates and tax offices directly administrating them of the new withholding certificate forms in case of change of self-printed withholding certificate formats.

To keep books for monitoring and preservation the withholding certificates already printed and used under the tax and accounting-statistic laws.

To produce the issued withholding certificates to tax offices and competent state agencies upon examination.

To report on the use of withholding certificates under regulations.

To keep data on withholding certificates under the Law on E-Transactions and the Law on Accounting.

- Responsibilities of tax offices in Vietnam

Tax offices at all levels shall monitor and administer the income-paying organizations in using self-printed withholding certificates:

Dossier preservation: Registrations for the self-printing of withholding certificates made by income-paying organizations; and tax offices’ written approvals of these registrations.

Invalidation of approvals of the use of withholding certificates upon detection of violations of income-paying organizations in using these certificates.

Checking and comparison of withheld tax amounts indicated in tax withholding certificates supplied by taxpayers against data shown in tax withholding declarations and reports on the use of withholding certificates of income-paying organizations.

More details can be found in Circular 37/2010/TT-BTC, which comes into force from May 2, 2010.

Nguyen Phu

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