How will violations against regulations on provision of accounting services be penalized?

Pursuant to Article 26, Decree 41/2018/ND-CP, penalties for violations against regulations on provision of accounting services include:

1. A fine ranging from VND 10.000.000 to VND 20.000.000 shall be imposed for false presentation of accounting practitioners or accounting firms’ qualifications, experience, capacity and eligibility for provision of accounting services.

2. A fine ranging from VND 20.000.000 to VND 30.000.000 shall be imposed for colluding with customers to provide and confirm false information while providing accounting services.

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.