Corporate Income Tax 2014: Expenses are paid by cash

Corporate Income Tax 2014: Expenses are paid by cash

According to regulation of Corporate Income Tax amended in 2013 and Decree 218/2013/N-CP, enterprises must pay by cash with the following expenses:

Invoice for purchases and services valued at less than 20 million
Payments for purchase and sales of goods and services made as prescribed list.
Payments for the implementation of the national defense and security; support for the service of the Party organizations…

With the remaining expenses, enterprises are forced to make payments using methods of non-cash; otherwise these expenses are not listed in the reasonable cost.

These regulations will take effect on February 15, 2014 and be applied in the tax period from 2014 onwards; the Ministry of Finance will have specific guidelines on these regulations.

Regulation of Translation of Accounting Records in State Bank

Regulation of Translation of Accounting Records in State Bank

State Bank has issued circular 38/2013/TT-NHNN on Regulation of Translation of Accounting Records by foreign language when using to record accounting in Sate Bank and subordinate units.

Thus, the accounting records by foreign language must be translated in to Vietnamese.

Particularly, the multiple – generated accounting records and resemble transaction content, they are just translated into Vietnamese for the first accounting record or example of document. The next documents are just translated into Vietnamese for different content prescribed in Accounting Law.

At the right corner of the first translation must be written “TRANSLATION”, paged and affixed.

Subordinate units of State Banks can self-translate or hire other translation services.

The circular will take effect on June 1, 2014

Thanh An LTD, Co recruits General Accountant

Information of enterprise	Thanh An LTD, Co formed in 1998, operates and produces the food items of Viet Dai trade mark. The scale of workshop is more than 5000m2. Address: 3^rd Floor, 137C Nguyen Van Cu, Long Bien, Ha Noi Contact Person: Nguyen Thi Huyen
Job Description	+ Perform tasks relating to cash and bank transactions + Count sales cash and deposit to bank + Compare cash received with daily sales + Receive, check daily payment requirements from other departments + Perform payments in accordance with payment terms + Do accounting reports daily, monthly, quarterly, annually as required + Update accounting data accurately into software everyday + Keep track and manage debts + Perform the registration and depreciation of fixed assets. + Manage, check inventory and make periodical reports + Prepare receipts and expenditures, daily journals + Perform tax declaration and pay monthly relevant tax precisely and timely + Assist with administration, human recourse, other logistics as required + Other tasks as required
Job Requirement	+ Graduated with finance accounting specialization + At least five-year experience (NMCs is preferred) + Master and experience with relevant accounting tasks + Ability to communicate and work in English + Skills to arrange and manage documents and files + Excellent computer literacy (Word, Excel). Working experience with international accounting software would be an advantage + Teamwork spirit + Ability to work independently and willingness to complete work on time + Ability to work under pressure and work overtime if required + Careful, honest, hardworking and tidy
Deadline to apply	26/02/2014

Upcoming Conference on “Guiding Financial Statement Preparation and Tax Reporting” held by AFC Vietnam on 19/8/217

Upcoming Conference on “Guiding Financial Statement Preparation and Tax Reporting” held by AFC Vietnam on 19/8/2017

Updating taxation policy and financial knowledge is essential to financial and accounting staff. With an aim to making contribution, sharing and exchanging experiences of applying new Financial & Tax Policies and Regulations issued by the Vietnam Government and guiding Financial Statement, AFC Vietnam is going to organize the Conference on “Guiding Financial Statement Preparation and Tax Reporting”.

The conference will be a unique opportunity for participants to update information in Finance and Tax, specifically:

Exchange with over 100 honored guests who are in financial and accounting community in Vietnam, and over 80% of those are businessmen directly working in financial field from different industries;
Be equipped with all update on changes of the Tax Policy and Financial Regulations issued by the Government;
Guided on accounting and financial difficulties of their own enterprises such as: Cash flow Management, Financial Analysis, Taxation Plan…etc.
Be a member of AFC Community providing networking and interaction opportunities for bookkeepers, chief accounts, chief financial officers, CEOs, financial experts… from foreign and domestic companies to participate in quarterly events organized by AFC Vietnam..

This forum is honored to welcome the presence of two experienced experts in Financial, Accounting and Tax:

Dr Ha Thi Ngoc Ha – Deputy Chief of Department of Accounting and Auditing regulations – Ministry of Finance
Master. Vu Thi Toan – Head of Department of Propaganda – Ha Noi Taxation Bureau

Time: 8h30-16h30 – Saturday, 19th August, 2017

Location: 701 Room, 7^th Floor, Ladeco Building, 266 Doi Can, Ba Dinh, Ha Noi

Registration fee: 400.000 VND/ person

Discount rate: Enrolling before 31^st July 2017, sale off 50%

The conference provides a networking and interaction forum for experts and participants to exchange accounting and financial issues.

For registration, Please contact with Hotline: 0942 974 500 or:

AFC Institute for Management and Finance – AFC Vietnam

Address: 1st Floor, N06B2 Building, Duy Tan Str, Cau Giay, Ha Noi

Tel: : 04 6282 7682 Fax: 04 6282 7683 Email: info@afc.edu.vn

Unicity Vietnam Co, Ltd recruits Accountant working in Ha Noi

Unicity Vietnam Co, Ltd recruits Accountant

Information of enterprise	Headquartered in Orem, Utah and driven by more than 100 years of enterprise, Unicity empowers its employees, distributors, and customers to achieve their aspirations. Unicity Vietnam was established in Vietnam in Jun 2012 and had HO in Hanoi and branch office in HCMC and are expanding very quickly all over Vietnam. We are a direct selling company, specializing in health care & beauty products that have been proven in more than 30 countries in the world. For further information about us, please log on to the below website: //www.unicity.com/vietnam
Job Description	+ Perform tasks relating to cash and bank transactions + Count sales cash and deposit to bank + Compare cash received with daily sales + Receive, check daily payment requirements from other departments + Perform payments in accordance with payment terms + Do accounting reports daily, monthly, quarterly, annually as required + Update accounting data accurately into software everyday + Keep track and manage debts + Perform the registration and depreciation of fixed assets. + Manage, check inventory and make periodical reports + Prepare receipts and expenditures, daily journals + Perform tax declaration and pay monthly relevant tax precisely and timely + Assist with administration, human recourse, other logistics as required + Other tasks as required
Job Requirement	+ Graduated with finance accounting specialization + At least five-year experience (NMCs is preferred) + Master and experience with relevant accounting tasks + Ability to communicate and work in English + Skills to arrange and manage documents and files + Excellent computer literacy (Word, Excel). Working experience with international accounting software would be an advantage + Teamwork spirit + Ability to work independently and willingness to complete work on time + Ability to work under pressure and work overtime if required + Careful, honest, hardworking and tidy
Deadline to apply	02/02/2014

Dreamtech Vietnam Co., Ltd recruits General accountant

Dreamtech Vietnam Co., Ltd recruits General accountant

Information of enterprise	We are a company 100% foreign capital from Korea, specializing in production of Sub-PBA and electronic component. we′re searching for innovative and ambitious individuals to join our dynamic team and share our success.
Job Description	– Direct and monitor all accounting activities to ensure that the organization’s financial resources are managed in accordance with Vietnam Accounting Standard and comply with all relevant laws – Control all tax declarations, other required reports are submitted accurately and on time. – Advise management about issues such as resource utilization, tax strategies and the assumptions underlying budget forecasts – Supervise the Accounting Team to co-ordinate with Customer Servicing Teams to build payment documents and collecting payment from Clients on time. – Perform analysis of financial reports and management reports monthly and annually. – Manage cash flow to implement good working capital management. – Maintain good communication with external parties such as local authorities, auditors, etc – Prepare and analysis reports according to management’s requirement. – More detail will be disscussed when interview
Job Requirement	– University graduated or above major in Accounting or Finance, certified Chief Accountant – More than 8 years experience in Multinational or large company, At least 3 years experience as a chief Accountant in a manufacturing company with turnover over 500 billion VND per year. – Experience and knowledge of Finance, Tax accounting, Manufacturing costing. – Good understanding of Vietnamese Accounting System and Vietnamese Law. – Ability to work in a team and team management, flexibility and ability to work in different environment and under pressure – Fluent in English or Korean – Fluent in MS office (word, exel, pp), accounting software (FAST software is prefered) – Hard working, honesty, integrity, proactive. – Skills: Communication, presentation, negotiation, plan – Used to work for Korean company is an advantage – Over 32 years old
Deadline to apply	31-01-2014

English in Financial – Accounting

English is the international language of finance and accountancy. So it makes good business sense for aspiring professionals to demonstrate that they have first-rate financial English language skills, and the ability to communicate confidently with accountancy and finance professionals within the international business community.

To help finance students show that they have the financial English skills they need, AFC Vietnam have developed the Certificate in Financial and Accounting English.

The aim of course

To assess candidates’ ability to operate in English in an international finance environment
To allow candidates to demonstrate to employers their ability to communicate in English with clients
To allow candidates to demonstrate to educational and training institutions their ability to follow a course of study in finance and accounting where significant portion of the instruction is in English
To have positive and beneficial impact on the content and delivery of English language training courses for finance and accounting professionals.
To provide an examination to do this which is fair to all candidates and which is delivered to international standards.
The benefits

Studying for Financial and Accounting English qualifications can:

Enhances your employability
Improve your ability to conduct business internationally or with international clients and colleagues
Improve your exam and classroom performance in finance and accountancy exams
Increase your knowledge of English
Practice financial report writing
Improve your skills with real case studies

The content

1. English in Accounting and Financial

English Terminology
Accounting Principles
Accounting Balance
Buy-Sell on Credit Transactions
Adjustment Entries
Trial balance
Casestudies and Discussion
Intro to Financial Statements

2. English in Accounting Management

English Terminology
Cost Classification
Overhead Costs and Finished Works
Intro to Budgeting and Variance Analysis
Intro to Financial Statements

3. English in Financial

English Terminology
Ratios and Financial Instruments
Basic Financial Statement Analysis
Casestudies and Tests

Timetable

Course

English for Accounting and Financial

Campus

Third floor – Ford Thang Long Building – 105 Lang Ha street – Hanoi

Time

42 hours

Opened

AFC Institute of Financial Management – AFC Vietnam
Address: 3rd – 10th Floor, Thang Long Building, 105 Lang Ha Street, Dong Da District, Hanoi city
Phone: +84 4 3562 7486
Fax: +84 3562 7487
Email: info@afc.edu.vn
Website: //afc.edu.vn/ //acca.edu.vn/ //financialpro.vn/

English majors in Finance – Accounting at AFC Vietnam