Deadline for submitting financial reports and the authorities to submit them to.

I - WHAT DOES THE FINANCIAL REPORT INCLUDE?

If the enterprise applies the accounting regime according to Circular 133:

Based on Article 71 of Circular 133/2016/TT-BTC, the Financial Reporting System for Enterprises is regulated.

The annual financial reporting system for small and medium-sized enterprises includes:

• Financial position report

• Business performance report

• Financial statement notes

• Trial balance

• Cash flow report

If the enterprise applies the accounting regime according to Circular 200:

Based on Article 100 of Circular 200/2014/TT-BTC, the Financial Reporting System for Enterprises is regulated.

The annual financial reporting system includes:

• Balance sheet

• Business performance report

• Cash flow report

• Financial statement notes

  
  

II - DEADLINE FOR SUBMITTING FINANCIAL REPORTS

According to Circular 200/2014/TT-BTC dated December 22, 2014, guiding accounting regimes:

Article 109. Deadline for submitting Financial Reports:

For other types of enterprises:

a) Accounting units are private enterprises and partnerships must submit the annual financial report within 30 days from the end of the accounting period; for other accounting units, the deadline is 90 days.

b) Subordinate accounting units must submit their annual financial reports to their superior accounting unit within the deadline set by the superior accounting unit.

According to Circular 133/2016/TT-BTC, which guides the accounting regime for small and medium-sized enterprises, the responsibility, deadline for preparing and submitting financial reports is as follows:

Responsibility, deadline for preparing and submitting financial reports:

All small and medium-sized enterprises must prepare and submit their annual financial report no later than 90 days from the end of the financial year to the relevant authorities as prescribed.

Therefore, the deadline for submitting financial reports to relevant authorities (including the tax authority and statistics office) is no later than 90 days from the end of the financial year.

III - WHERE TO SUBMIT FINANCIAL REPORTS AND SUBMISSION METHOD

(*) In some localities, the Tax Department and Business Registration Office do not accept hard copies of the reports as per Article 18 of Joint Circular 01/2026/TT-BKHĐT-BTC, which guides the exchange of business information between the National Enterprise Registration Information System and the Tax Information System issued by the Ministry of Planning and Investment – Ministry of Finance.

(**) Public companies, listed organizations, public securities issuers, securities companies, securities investment companies, funds, and fund management companies must submit consolidated financial reports to the State Securities Commission (SSC) and the Stock Exchange where the company is listed.

According to Article 110 of Circular 200/2014/TT-BTC dated December 22, 2014, regarding where to submit financial reports:

Article 110. Where to submit financial reports:

For enterprises that are required by law to audit their financial reports, the reports must be audited before submission. Audited financial reports must be accompanied by the audit report when submitted to state management authorities and higher-level enterprises. Enterprises with foreign direct investment (FDI) must submit their financial reports to the Department of Finance in the provinces or cities where the enterprise is registered.

Enterprises (including both domestic and foreign-invested enterprises) located in export processing zones, industrial zones, and high-tech zones must submit their annual financial reports to the management boards of these zones if required.

Instructions for submitting hard copies:

Enterprises should prepare 02 sets of audited financial reports to submit to the relevant state agencies as guided in the table above (Section III). One set of reports will be stored at the enterprise, and the receiving agency should stamp the report as received.

Submission results:

Note: Since each locality may have different requirements regarding where enterprises should submit hard copies of financial reports, it is advisable for enterprises to proactively contact the local management authorities for specific information.

IV - REGULATIONS ON ADMINISTRATIVE PENALTIES FOR FAILURE TO SUBMIT OR LATE SUBMISSION OF FINANCIAL REPORTS

Regulations on administrative penalties in the field of accounting and independent auditing:

According to Article 12, which regulates the submission and public disclosure of financial reports.

Regulations on administrative penalties in the field of statistics:

According to Articles 7 and 8 of Decree 95/2016/ND-CP, which regulates the deadlines for submitting statistical reports and financial reports to the state statistical authorities.

Can financial reports be submitted in supplement?

If the financial reports are incorrect, they can be amended and resubmitted. However, the resubmission must be done before the tax authority issues a decision for inspection.

Foreign-invested enterprises in Vietnam should be fully aware of the regulations above to avoid penalties during their business operations in Vietnam.

This bulletin is for reference only, providing general information to readers and is not specific advice for any particular case. For more detailed information, please contact our consulting specialists.