Deadline for preparing financial statements and reports on civil judgment enforcement in Vietnam

Nguyen Trinh

22:27, 10/07/2024

On August 14, 2020, the Ministry of Finance of Vietnam issued Circular 78/2020/TT-BTC on guiding accounting for civil judgment enforcement.

Under Clause 5, Article 12 of Circular 78/2020/TT-BTC, the deadline for preparing financial statements and reports on civil judgment enforcement in Vietnam is as follows:

- For reports on civil judgment enforcement: Units shall prepare quarterly and annual reports on civil judgment enforcement (September 30 each year) or prepare at the request of the competent authority.

- For financial statements:

+ Units must prepare financial statements at the end of the fiscal year (September 30) as regulated, and submit them to the superior authorities along with the reports on civil judgment enforcement;

+ Additionally, they must also prepare financial statements on December 31 each year to submit to the estimate-allocating unit for the consolidation of the general financial statements of the civil judgment enforcement authorities at all levels and submit these to the supervisory authorities.

Note: Categories, report formats, recipients, submission deadlines, explanations of contents, and methods of preparing reports shall follow Appendix 04 “Reporting System” attached to this Circular.

More details can be found in Circular 78/2020/TT-BTC effective from October 1, 2020.

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