Draft Circular guiding accounting policies for household businesses, individual businesses currently under public comment collection.
Article table of contents
This Circular stipulates accounting policies for household businesses and individual business entities that are required to implement accounting policies according to the provisions of law on tax administration, as well as household businesses and individual business entities not required to implement accounting policies but who wish to do so.
According to this Circular, household businesses and individual business entities shall apply accounting records according to the following list and other documents as prescribed by tax law:
| No. | Name of Document | Symbol |
|---|---|---|
| I | Documents stipulated in this Circular | |
| 1 | Receipt Voucher | Form No. 01-TT |
| 2 | Payment Voucher | Form No. 02-TT |
| 3 | Warehouse Receipt | Form No. 03-VT |
| 4 | Warehouse Delivery Voucher | Form No. 04-VT |
| 5 | Payroll and Employee Income Statement | Form No. 05-LDTL |
| II | Documents stipulated by tax law | |
| 1 | VAT Invoice or Sales Invoice | |
| 2 | Tax Payment Receipt into State Budget | |
| 3 | Bank Debit Note |
The purpose of use, templates, content, and method of making the accounting records stipulated in this Circular shall be implemented in accordance with Appendix 1 "Templates and method of making accounting records" issued with this Circular.
Templates and method of making accounting records
Additionally, household businesses and individual business entities that pay tax based on revenue rates shall apply accounting books according to the following list:
| No. | Name of Accounting Book | Symbol |
|---|---|---|
| 1 | Detailed Sales Revenue Book for Goods and Services | Form No. S1-HKD |
| 2 | Detailed Book for Materials, Tools, Products, Goods | Form No. S2-HKD |
| 3 | Tracking Book for Tax Obligations with State Budget | Form No. S3-HKD |
| 4 | Tracking Book for Payments of Wages and Contributions Based on Wages for Employees | Form No. S4-HKD |
The purpose of use, templates, and method of recording accounting books are guided in Appendix 2 “Templates of accounting books and method of recording accounting books” issued with this Circular.
Templates of accounting books and method of recording accounting books
For more details, you can refer to the Draft Circular guiding accounting policies for household businesses and individual business entities HERE.
Nguyen Trinh
