What penalties are imposed on violations against regulations on application documents for accounting practice?

Any entity providing accounting services needs to register according to the laws, if violating, penalties shall be imposed pursuant to Article 22, Decree 41/2018/ND-CP:

1. A fine ranging from VND 5,000,000 to VND 10,000,000 shall be imposed for confirmation of inaccurate application documents to obtain the certificate of accounting practice registration.

2. A fine ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for giving false information to obtain the certificate of accounting practice registration.

3. A fine ranging from VND 20,000,000 to VND 30,000,000 shall be imposed for forging the application documents, or providing false information thereon, to obtain the certificate of accounting practice registration.

4. Additional penalty:

Any of the violations mentioned in Clause 3 of this Article shall result in confiscation of evidence.

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.