In the process of preparing and presenting financial reports, it is inevitable that errors may occur when managing large and complex data volumes. So in this case, how should accountants handle it? Please refer to the following article by MISA MeInvoice on how to handle financial report errors .
Note: Before reading this article, you may want to read the MUST-KNOW information about financial
statements in the previous article.
Table of Contents Hide
1. Can I resubmit an incorrect financial report?
2. Is there a penalty for making false financial statements?
3. How to adjust and resubmit financial statements
4. When is the deadline for submitting financial statements?
Conclusion
1. Can I resubmit an incorrect financial report?
how to handle erroneous financial statements
Clause 5, Article 10 of Circular 156/2013/TT-BTC stipulates:
After the deadline for submitting tax declarations, if taxpayers india telegram data discover errors in the tax declarations submitted to the tax authorities, they are allowed to supplement the tax declarations.
For taxes with annual tax settlement period
– If the enterprise has not yet supplemented best woocommerce Plugins to expand your woocommerce business the annual tax declaration, the taxpayer shall supplement the provisional tax declaration of the months and quarters with china data errors, and at the same time summarize the supplementary declaration data into the annual tax settlement dossier.
– If the enterprise has submitted the annual tax settlement declaration, it only needs to submit a supplementary annual tax settlement declaration.
Accordingly, the contents to be submitted on the financial statements include:
The contents that cannot be re-submitted but must be submitted with an adjusted declaration include:
– Corporate income tax settlement declaration.
– Personal income tax settlement declaration.
Enterprises can choose 1 of 2 forms of re-submitting financial reports as follows: Sending an official dispatch to re-submit financial reports at the one-stop department or re-submitting financial reports online.
See more: [New] What is a financial report ? General knowledge and types of financial reports
2. Is there a penalty for making false financial statements?
According to Point c, Article 10 of Circular 156/2013/TT-BTC, if an enterprise resubmits a financial report that does not affect the amount of corporate income tax, it will not be fined. On the contrary, if an enterprise resubmits a financial report with an excess amount of corporate income tax paid, it will be offset in the following periods for the excess amount of corporate income tax paid.
In case of re-submitting Financial Report with insufficient Corporate Income Tax payment, the additional amount of underpayment and late payment must be paid, specifically