What is period for submission of final accounts for goods sold in duty-free shops in Vietnam?

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Question date: 06/12/2022

What is period for submission of final accounts for goods sold in duty-free shops in Vietnam? What documents must be provided for inspection of the final accounts for goods sold in duty-free shops in Vietnam? 

Hello, my shop does duty-free goods, the year is coming to an end and we don't know when to submit the final accounts for goods sold in duty-free shops? Please advise. 

    • 1. What is period for submission of final accounts for goods sold in duty-free shops in Vietnam?

      Pursuant to Clauses 1 and 2, Article 24 of Decree 100/2020/ND-CP stipulating submission period for final accounts for goods sold in duty-free shops is as follows:

      1. Submission period for final accounts for goods sold in duty-free shops:

      a) On an annual basis, within 90 days from the fiscal year-end, the duty-free business shall submit the final accounts for its duty-free sale in the fiscal year to the customs authority;

      b) After submitting final accounts, the duty-free business may make change to the final accounts before the submission deadline and before the time the customs authority announces whether the final accounts are subject to inspection.

      2. Where to submit final accounts:

      Final accounts shall be submitted to the customs sub-department managing the duty-free shop/duty-free goods warehouse.

      Thus, your duty-free shop must submit final accounts for goods sold in duty-free shops in Vietnam annually to the customs sub-department managing the duty-free shop, no later than the 90th day from the fiscal year-end.

      2. What documents must be provided for inspection of the final accounts for goods sold in duty-free shops in Vietnam?

      According to Clause 3, Article 24 of Decree 100/2020/ND-CP, there are provisions as follows:

      3. The duty-free business shall:

      a) Submit final accounts for goods sold in the duty-free shop, which shall be formulated based on the input - output - inventory principle and using Form No.07/BCQT in Appendix II enclosed therewith, to the customs authority via the electronic data processing system. The final accounts must be consistent with accounting vouchers of the business;

      b) Provide customs dossiers, accounting vouchers, account books, sales documents and other documents (if any) for inspection of the final accounts at the request of the customs authority according to regulations.

      According to this Article, duty-free businesses in Vietnam must provide customs dossiers, accounting vouchers, account books, sales documents and other documents (if any) for inspection of the final accounts at the request of the customs authority according to regulations.

      Best Regards!

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