Vietnam’s regulation on accounting vouchers according to Circular No. 107/2017/TT-BTC

17:37, 01/12/2017

Circular No. 107/2017/TT-BTC on guidelines for public sector accounting issued by the Minister of Finance of Vietnam on October 10, 2017, according to which accounting vouchers are regulated as follows:

Public sector entities must use the same forms of compulsory accounting vouchers prescribed in Circular No. 107/2017/TT-BTC of the Ministry of Finance of Vietnam. During the implementation, public sector entities may not modify forms of compulsory accounting vouchers.

Apart from compulsory accounting vouchers prescribed in this Circular and other documents, public sector entities are entitled to design their own accounting vouchers that reflect their accrual economic events. Self-designed vouchers must contain at least 7 items prescribed in Article 16 of the Law on Accounting, in conformity with the recording and the entity’s needs.

Printed vouchers must be kept with care, and prevented from destruction or rotting. Cheques, receipts, and valuable papers must be managed similarly to money.

The list, forms and methods of making compulsory accounting vouchers are prescribed in Appendix No. 01 issued with Circular No. 107/2017/TT-BTC.

View more provisions at: Circular No. 107/2017/TT-BTC of the Ministry of Finance of Vietnam takes effect from November 24, 2017.

- Nguyen Trinh -

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