Deadline for submitting 2025 financial reports: Businesses must complete them before March 31, 2026.
According to Vietnamese accounting and tax management regulations, businesses must prepare and submit annual financial statements to the competent state authorities within a specified period after the end of the fiscal year. For the 2025 fiscal year, the deadline for submitting financial statements is March 31, 2026. This is a crucial deadline that businesses need to pay attention to in order to ensure compliance with legal regulations and avoid administrative penalties.
The legal basis for this regulation is primarily established in the Accounting Law of 2015. Clause 3, Article 29 of the law stipulates that the annual financial statements of an accounting entity must be submitted to the competent state agency within 90 days from the end of the fiscal year.
At the same time, Article 12 of the Accounting Law also stipulates that the ordinary accounting year is calculated from January 1st to December 31st of the calendar year. Therefore, for businesses whose fiscal year coincides with the calendar year, the 2025 fiscal year ends on December 31st, 2025, and the 90-day deadline for submitting financial statements will end on March 31st, 2026.
Besides the regulations of the Accounting Law, the obligation to submit financial statements is also linked to the annual tax settlement according to the 2019 Tax Administration Law. Article 44 of this law stipulates that annual tax settlement documents must be submitted no later than the last day of the third month after the end of the calendar year or fiscal year. In practice, the deadline for submitting tax settlement documents often coincides with the deadline for submitting financial statements. Therefore, most businesses submit financial statements simultaneously with corporate income tax settlement documents before March 31st of the following year.
In addition to the regulations in the law, the Ministry of Finance has issued guiding documents on the accounting system for enterprises to serve as the basis for preparing financial statements. Currently, enterprises mainly apply Circular 200/2014/TT-BTC for large enterprises and Circular 133/2016/TT-BTC for small and medium-sized enterprises. These circulars regulate the accounting chart of accounts, accounting methods, and financial statement forms.
Notably, the Ministry of Finance has issued Circular 99/2025/TT-BTC, effective from January 1, 2026, to update and guide some aspects of the accounting regime for enterprises. This Circular affirms the principle of preparing and submitting annual financial statements in accordance with the Accounting Law, with the deadline for submitting financial statements remaining at 90 days from the end of the fiscal year.
Ms. Nguyen Thi Ha, chief accountant of a business, said: A complete annual financial report for a business usually includes the balance sheet, income statement, cash flow statement, and notes to the financial statements. These documents reflect the assets, capital, and business performance of the enterprise during the fiscal year.
Currently, financial reporting is primarily done electronically through the tax authority's electronic tax filing system. Businesses submit their financial reports as electronic data files and digitally sign them before submission.
Businesses that submit financial reports late may be subject to administrative penalties in accordance with accounting and tax laws. Therefore, businesses need to proactively review their accounting records, complete reports, and submit them on time.
