How much will be fined for the violations in the field of accounting and independent audit?

Pursuant to Article 6, Decree 41/2018/ND-CP of the Government, the fines for violations in the field of accounting and independent audit are stipulated as follows:

1. The maximum fine for an administrative violation regulated by this decree committed by an individual is VND 50.000.000; the maximum fine for an administrative violation committed by an organization is VND 100.000.000.

2. The fines specified in Chapter II of this Decree are imposed upon organizations except cases specified in Clause 1 of Articles 7; 8; 9; 10; 11; 13; 14; 15; 16; 17; Article 19; Clauses 1 and 3 of Articles 21; 22; Articles 23; 24; 26; 33; 34; Clauses 1 and 3 of Article 36; Clauses 1 of Article 38; Clauses 2 and 3 of Article 39; Clauses 1 and 2 of Article 48; Clause 1 of Article 57; Clauses 1 and 2 of Article 61; Article 67, which are fines that apply to individuals. For organizations with the same violations, the fines will double those of individuals.

3. The maximum fines the persons specified in Chapter III of this Decree may impose are fines for one administrative violation committed by an individual. The maximum fine imposed upon an organization for the same violation is twice the maximum fine imposed on an individual.

As an established company in the field of tax and legal consulting, Vinasc hopes to adequately inform our customers to help them mitigate the risk during operation in Vietnam. Should there be any further concern, please contact Vinasc’s Customer Care department for timely support.