Examination of 164 enterprises' final accounts
Operation by a Customs branch of managing processed goods (Ha Noi Customs). Photo: N.Linh |
For final accounts examination for the purpose of law compliance assessment, the General Department of Viet Nam Customs has issued a list of 164 enterprises under the management of 17 local Customs departments. This list is based on reviewed and synthesized data provided by local Customs departments.
Based on this list, the GDVC required local Customs to conduct examination of statements of drawing balance sheets. Where examinations take place at the same time as inspection plans or approved post-clearance audits, or where companies have been audited in the previous year, local Customs should report to the GDVC for timely guidance.
In order to achieve effectiveness of final accounts examinations and law compliance assessment, the GDVC requests Customs branches managing processed goods, export production, export processing to strictly implement guidance on submitting and receiving final accounts; handling final accounts; collecting information of enterprises, analyzing and assessing information, also classifying enterprises under guidance in document No.1501/TCHQ-GSQL dated 29/02 issued by GDVC.
For initial filling of enterprises' final accounts (first-time of processing operation and export production), if there are any abnormal discrepancies of drawing balance sheet statement in comparison with Customs' data and in the case of examination after reimbursement decisions or not collecting taxes at payer's premises, the Directors of local Customs will produce examination plans under the provisions at Clause 5 of Article 60, Circular No.38/2015/TT-BTC.
Directors of local Customs Departments are responsible for implementing examination of final accounts with the mentioned enterprises before the deadline for 2016 final accounts submission by enterprises.
From 01/04/2015, with implementation of Circular No. 38/2015/TT-BTC of the Ministry of Finance, Customs management activities for importation for exports production and processing for foreign traders has had major and essential changes. In comparison with Circular No. 128/2013/TT-BTC and Circular No. 13/2014/TT-BTC, several new provisions in Circular 38/2015/TT-BTC have been changed in order to maximize simplification which is consistent with the reform of administrative procedures, especially including liquidity procedures of importation for export production and processing goods for foreign traders.
Formerly, the declarants had to perform multiple procedures with many types of documents when they wanted to do procedures of processing and importation for export production. At present, many procedures are significantly being reduced in order to facilitate and reduce time and cost.
In fact, the new provisions remove requirements in terms of processing contracts or annexes notification; notice and adjustment processing norms, exports production, notice of raw materials and supplies, and codes of exported goods; and procedures of liquidating processing contracts. Enterprises are now active and take responsibility for material transfer among processing contracts and this will be shown only on import-export-inventory sheets. Liquidation procedures for each processing contract have also been removed, so enterprises just have to make statements of drawing balance sheets on the status of using raw materials, machinery and equipment in the fiscal year.
Customs authorities will receive final accounts submitted by the enterprises. Based on risk management methods and information collected by assigned Customs officers and Customs authorities will determine which cases require inspection of final accounts, including final accounts of enterprises or individuals for the first time; final accounts with abnormal disparity in comparison with customs data; examination done after reimbursement decisions or cases of not collecting taxes at payer's premises; auditing of final accounts based on application of risk management, and individuals and enterprises' compliance assessment.
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