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Vietnam: Accounting documents that have to be retained

15:09, 06/01/2017

According to Decree No. 174/2016/NĐ-CP of Vietnam’s Government on elaboration of some Article of the Law on Accounting of Vietnam, the following accounting documents have to be retained:

- Accounting records.

- Detailed accounting books and overall accounting books.

- Financial statements; budget statements; consolidated budget statements.

- Other documents related to accounting works, including:

+ Contracts;

+ Administrative accounting reports;

+ Financial statements of completed projects and projects of national importance;

+ Reports on stocktaking and asset valuation;

+ Documents related to inspection and audit;

+ Records on destruction of accounting documents;

+ Decisions on addition of capital from profit, contributions to funds from profits;

+ Documents related to dissolution, bankruptcy, division, consolidation, merger, shutdown, conversion of the enterprise;

+ Documents related to receipt and use of funding or capital;

+ Documents related to taxes, fees, charges and other liabilities to the State and other documents.

Decree No. 174/2016/NĐ-CP of Vietnam’s Government takes effect from January 01, 2017.

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