What penalties are applied for violations against regulations on the retention of accounting service documents?

Pursuant to Article 27, Decree 41/2018/ND-CP, violations against regulations on retention of accounting service documents shall be penalized as follows:

1. A fine ranging from VND 5,000,000 to VND 10,000,000 shall be imposed for failure to fully or safely retain accounting service documents during usage and retention periods.

2. A fine ranging from VND 10.000.000 to VND 20.000.000 shall be imposed for failure to retain accounting service documents.

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 concerns, please contact Vinasc’s Customer Care department for timely support.