What penalties are imposed on violations against regulations on management and the use of certificates of accounting practice registration?

Pursuant to Article 23, Decree 41/2018/ND-CP, violations against regulations on management and use of certificates of accounting practice registration shall be penalized as follows:

1. A warning shall be imposed for returning certificates of accounting practice registration to the Ministry of Finance less than 15 days after the specified deadline.

2. A fine ranging from VND 5,000,000 to VND 10,000,000 shall be imposed for one of the following violations:

a) Returning certificates of accounting practice registration to the Ministry of Finance 15 days after the specified deadline or later;

b) Using expired or invalidated certificates of accounting practice registration for accounting practicing.

3. A fine ranging from VND 10,000,000 to VND 20,000,000 shall be imposed for one of the following violations:

a) Practicing accounting without a certificate of accounting practice registration;

b) Continuing the accounting practice after the certificate of accounting practice registration expires or is invalidated;

c) Failure to return certificates of accounting practice registration to the Ministry of Finance.

4. Remedial Measure:

Return illegal profits earned by violations mentioned in Clause 3 of this Article.

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.