Vietnam: Enterprises being subject to priority policy shall make quarterly reports

Vietnam: Enterprises being subject to priority policy shall make quarterly reports
Tuyết Hoan

This is one of the responsibilities of enterprises being subject to priority policy specified in Circular No. 72/2015/TT-BTC of the Ministry of Finance of Vietnam regulating application of priority policy of customs procedures, customs inspection and supervision for exported and imported goods of enterprises.

Specifically, enterprises being subject to priority policy shall have the following responsibilities:

- Comply with customs legislation, tax legislation, accounting and auditing legislation.

- Make and submit electronic quarterly reports (form 07/DNUT enclosed with Circular No. 72/2015/TT-BTC) to the General Department of Customs.

- Provide the customs authority with financial statements, audit reports of the previous year within 90 (ninety) days after the end of the financial year of the enterprise.

- Conduct self-inspection, detect and remedy errors, report to the customs authorities; maintain the conditions of prioritized enterprises.

- Inspect and report fully and promptly issues notified by customs authority when the customs authority notifies errors or unclear issues in customs dossiers.

- Notify the General Department of Customs of the list of customs brokers providing services to enterprises.

View more details at Circular No. 72/2015/TT-BTC of the Ministry of Finance of Vietnam, effective from June 26, 2015.

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