Pursuant to the provisions of Article 110, Circular No. 200 / 2014 / TT-BTC Ministry of Finance's guidelines on the accounting system for enterprises.
1. Submitting financial reports?
1.1. For enterprises with foreign investment capital
- Financial agency (1)
- Tax Authority (2)
- Statistics Agency
- Superior company (3)
- Business registration authority
1.2. For other types of businesses
- Tax Authority (2)
- Statistics Agency
- Superior company (3)
- Business registration authority
1. State-owned enterprises located in provinces and centrally-administered cities must prepare and submit financial reports to the Department of Finance of the province or centrally-administered city. Central state-owned enterprises must also submit financial reports to the Ministry of Finance (Department of Enterprise Finance).
– For state-owned enterprises such as commercial banks, lottery companies, credit institutions, insurance companies, and securities trading companies, financial statements must be submitted to the Ministry of Finance (Banking and Finance Department or Insurance Supervision and Management Department).
– Securities trading companies and public companies must submit financial statements to the State Securities Commission and the Stock Exchange.
2. Businesses must submit financial statements to the local tax authority directly responsible for their tax administration. State-owned corporations must also submit financial statements to the Ministry of Finance (General Department of Taxation).
3. Enterprises with a higher-level accounting unit must submit financial statements to that higher-level accounting unit in accordance with the regulations of the higher-level accounting unit.
4. For businesses that are legally required to have their financial statements audited, the audit must be conducted before submitting the financial statements as required. Financial statements of businesses that have undergone auditing must include the audit report when submitted to state management agencies and superior enterprises.
5. The financial authority to which foreign direct investment (FDI) enterprises must submit their financial reports is the Department of Finance of the provinces and centrally-administered cities where the enterprise is registered with its head office.
6. For state-owned enterprises with 100% charter capital, in addition to the agencies where the enterprise is required to submit financial reports as stipulated above, the enterprise must also submit financial reports to agencies and organizations assigned or delegated to exercise the rights of the owner according to Decree No. 99/2012/ND-CP and its amendments, supplements, and replacements.
7. Businesses (including both domestic and foreign-invested enterprises) located in export processing zones, industrial parks, and high-tech zones must also submit annual financial reports to the management board of the export processing zone, industrial park, or high-tech zone if requested.
