How will violations against regulations on stocktaking be penalized?

Inventory stocktaking needs to be carried out with utmost prudence, since violations in this field can cause enterprises to be fined pursuant to Article 16, Decree 41/2018/ND-CP:

1. A fine ranging from VND 1.000.000 to VND 2.000.000 shall be imposed for one of the following violations:

a) Failure to make stocktaking reports or the stocktaking report not having sufficient signatures;

b) Failure to report discrepancies between actual and book figures and their handling.

2. A fine ranging from VND 3.000.000 to VND 5.000.000 shall be imposed for failure to carry out stocktaking.

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.