How will Decree 41/2018/ND-CP be implemented and who will hold the responsibility of implementing this Decree?

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How will Decree 41/2018/ND-CP be implemented and who will hold the responsibility of implementing this Decree?

Vinascgroup

Pursuant to Article 72, Decree 41/ND-CP, implementation provisions are clarified as follows:

1. This Decree is in effect from May 1, 2018.

2. This Decree replaces the Government’s Decree No.105/2013/ND-CP dated September 16, 2013 on penalties for administrative violations in the fields of accounting and independent audit.

3. Implementation of the regulations of this Decree to violations that occur before this Decree is in effect:
If this Decree specifies no legal responsibility or lighter legal responsibility for a violation that occurs before the date this Decree is in effect but is discovered later or being deliberated and processed, this Decree shall be implemented.

4. The regulations of the Government’s Decree No. 105/2013/ND-CP shall apply to decisions on penalty imposition in the fields of accounting and independent audit which are issued or implemented before this Decree is in effect and appealed against by the penalized entities.

Pursuant to Article 73, Decree 41/2018/ND-CP, implementation responsibilities belong to:

1. The Minister of Finance shall be responsible for instructing and organizing the implementation of this Decree.

2. Ministers, heads of ministry-level agencies, heads of the Government’s affiliates, Chairpersons of province-level People’s Committees shall be responsible for implementing this Decree./.

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.

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