Vietnam: When shall the accounting practice certificate be expired?

Specifically, according to the Circular No. 296/2016/TT-BTC of the Ministry of Finance of Vietnam, an accounting practice certificates (APC) expires or is invalid in any of the following cases:

- The validity period of the APC expires.

- The APC is revoked.

- The accounting practitioner is suspended from performing accounting service.

- The accounting practitioner no longer works and terminates the full-time employment contract at an accounting firm or accounting household business stated in the APC.

- The full-time employment contract at an accounting firm or accounting household business expires or has variations that make it unsatisfactory as a full-time employment contract.

- The work permit in Vietnam of a foreign accounting practitioner expires or is invalid.

- The accounting practitioner no longer performs accounting service.

- The accounting firm or accounting household business where the accounting practitioner registers is totally or partially divided, acquired or consolidated, ceases operation, disbands or goes bankrupt.

- The accounting practitioner is legally incapacitated; faces a criminal prosecution, is convicted of a crime against the law on economics concerning finance or accounting matter; is imposed an administrative or rehabilitation measure at commune level; is taken to a compulsory correctional facility or rehabilitation center; or is convicted of a serious crime against the law on economics.

- The accounting practitioner dies or is missing.

View more details at the Circular No. 296/2016/TT-BTC of the Ministry of Finance of Vietnam, effective from January 01, 2017.

- Thanh Lam -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE