Inventory of Business Licenses

General information
Name of formality	Accounting Enterprise Monitoring Certificate
Type of formality	Other
Date of last modification	29.12.2017
Responsible Authorities	Accounting Department
LSIC	M - Professional, scientific and technical activities
Who should complete this business formality?	Any licensed accounting enterprise
Qualifications needed by the business to get the formality
Additional Comment	Defined in Article 63 and Article 90, Clause 8 of the Law on Independent Audits No. 51/NA, dated 22 July 2014.

LEGAL FRAMEWORK
Name	Number	Date	Comment
Law on Independent Audit	51/NA	22.07.2014

REQUIRED DOCUMENTS FORMALITIES - First time
Name	Type	Comment
Request Letter	Confirmative act
Business Activities Report of Accountant Enterprise	Confirmative act
Business Operating License	Confirmative act	copy
Confirmation to Operate Accountant Enterprise (of the previous year)	Confirmative act	original
Enterprise Registration Certificate	Confirmative act
Certificate of Annual Tax Payment	Formality
Certificate of Annual Fee Payment to Lao Chamber of Professional Accountants and Auditors	Confirmative act
Evidence of Upgrading Vocational Education to the Employees in the Enterprise	Confirmative act
Annual Finacial Report Documents	Confirmative act	- Annual Balance Sheet - Performance Report - Financial Status Statement (Assets and Debts) - Annex of Financial Report - Table of Decreasiation - Table of Tax Payment Report
Attached Documents 1, 2, 3 and 4 (Employees, Accounting Works, Costumers and Other Sevices	Confirmative act

REQUIRED DOCUMENTS FORMALITIES - Renew
Name	Type	Comment

LIST OF ATTACHED DOCUMENTS FOR FIRST TIME APPLICATION
Type of document	Document Name
Example of resolution	ໃບຕິດຕາມການດຳເນີນທຸລະກິດບັນຊີ ປະຈຳປີ

 

Mean of presentation
Means of presentation	At the Authority Offices
Address of authority	Accounting Department, Ministry of Finance
Processing Time (Day(s))	0	If all required documents are complete according to the prescribed application form, the Accounting Department of the Ministry of Finance shall consider it immediately, which is defined in any law.

 

RENEWAL INFORMATION
Does the formality have a validity or an expiration date?	YES
How long will the formality be valid for? (in months)	12
What is the process and conditions to get the formality?
What is the process and conditions to renew the formality?	The license is valid from January 1 to December 31. The law does not define it, but the note of the license to operate an accounting enterprise specified that the renewal of the license requires the annual accounting enterprise monitoring certificate.

 

ISSUING FEES
Has application fees?	Service fees	Certificate fees	Application fees	Total fees
YES	200000.00	0.00	0.00	200000.00
Comments	As advised by the authority

 

RENEWAL FEES
Has renewal fees?	Service fees	Certificate fees	Renewal fees	Total renewal fees
NO	0.00	0.00	0.00	0.00
Comments

   

REQUIRED DOCUMENTS
Document Name	Comment
Request Letter
Business Activities Report of Accountant Enterprise
Business Operating License	copy
Confirmation to Operate Accountant Enterprise (of the previous year)	original
Enterprise Registration Certificate
Certificate of Annual Tax Payment
Certificate of Annual Fee Payment to Lao Chamber of Professional Accountants and Auditors
Evidence of Upgrading Vocational Education to the Employees in the Enterprise
Annual Finacial Report Documents	- Annual Balance Sheet - Performance Report - Financial Status Statement (Assets and Debts) - Annex of Financial Report - Table of Decreasiation - Table of Tax Payment Report
Attached Documents 1, 2, 3 and 4 (Employees, Accounting Works, Costumers and Other Sevices

 

STATISTICS (Issue or/and renewed number)
Year	Issued	Renewed
2016	17	0
2019	19	0