The Customs upgrades the tax accounting system

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Tax accounting mode is synchronously implemented and centralized in accordance with provisions in the Circular No. 174. In this photo is operational activity in the Bac Ninh Department of Customs. Photo: T. Binh

Through this training, the General Department of Customs has instructed public officers who work at import-export tax at Customs Branches to carry out the import-export tax accounting system under centralized handling.

The basic contents of this training are related to operational functions such as (input, print list, search information, report); accounting subsystem function (update adjusted documents and list of documents far book entry, search the detailed book, print book and report) and accounting instruction (accounting of receivables of specialized tax, adjustments of receivables of specialized tax, accounting of charge revenue and Customs fees)

Circular 174/2015/TT-BTC will take effect from 01 January 2017, replacing Circular No. 212/2014/TT-BTC and synchronizes the current import-export tax accounting to reduce clearance time for enterprises.

In comparison with 559 accounting system in combination with implementation of import-export tax administration under the tax law and implementation of accounting operation under the accounting law, Circular No. 174 amended the rotation order of accounting documents from accounting system applying IT on the basis of each document for booking into an IT system which was divided into 2 private systems: the operation division of tax management shall specifically monitor the details of each object under management and each declaration, and the accounting division shall summarize the economic and financial indicators.

Accordingly, the original documents will be received, saved and tracked in detail on the operation books and updated to the data of the tax management system to carry out the management function of obligations of tax payers by the tax management division. Then, the tax management division shall make a list of documents to transfer to the accounting division for accounting of economic and financial indicators. Therefore, it ensures the tax management division gets full original documents for monitoring and managing the obligations of tax payers and the accounting division to receive the list of original documents for general accounting, and ensures the implementation responsibilities in compliance with professional knowledge of each division and overcomes previous overlaps.

Additionally, Circular No. 174 also amended accounting methods of receivables in direction that accounting receivable operation will be based on the list of documents “report of the State Treasury” made by the tax management division then transferred to the accounting division for general accounting of State budget revenue”

At the same time, Circular 174 also amended an accounting method for the case where taxpayers change the purpose of using and transfer the domestic consumption of imported goods according to Article 21 of the Circular 38/2015/TT-BTC and, the accounting shall be adjusted to write minus number for provisional tax, concurrently writing receivables of specialized tax under the assigned decision.

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According to the program of the General Department of Customs, the training time of Circular 174 for the Southern Customs Branches (from the Da Nang Department of Customs toward the South) will take place on 8 December, 2016.