Inventory of Business Licenses

General information
Name of formality	Annual Accounting Programme Monitoring Certificate
Type of formality	Other
Date of last modification	11.11.2020
Responsible Authorities	Accounting Department
LSIC	M - Professional, scientific and technical activities
Who should complete this business formality?	Any individual, legal entity, accounting entity, and related organization that uses and develops accounting programs throughout Lao PDR.
Qualifications needed by the business to get the formality	The set-up enterprise accounting program must comply with the qualifications and conditions specified in Decision No. 1835 /MOF, dated 14 July 2020.
Additional Comment

LEGAL FRAMEWORK
Name	Number	Date	Comment
Decision on Accounting Programme Management	1835/MOF	14.07.2020	Chapter 1, Article 4 and Chapter 6, Article 19

REQUIRED DOCUMENTS FORMALITIES - First time
Name	Type	Comment
Request Letter	Confirmative act
Financial Statement	Confirmative act	of the previous year
Permit to Use Accounting Programme (in the previous year)	Confirmative act	original
Statistics of Customers	Confirmative act	for Accounting Programme Distribution Company
Certificate of Annual Tax Payment	Formality	for enterprise account
Enterprise Registration Certificate	Confirmative act
Certificate of Tax Registration	Confirmative act
Account Holding Certificate	Formality	of the previous year
Other documents from relevant sectors	Confirmative act	if any

REQUIRED DOCUMENTS FORMALITIES - Renew
Name	Type	Comment

 

Mean of presentation
Means of presentation	At the Authority Offices
Address of authority	Accounting Department, Ministry of Finance
Processing Time (Day(s))	15	The Ministry of Finance will consider issuing the accounting program monitoring certificate within 15 working days after the process of checking documents, having actual tests, and meeting all required conditions. In case of failure to issue the accounting program monitoring certificate, the Ministry of Finance shall notify the applicant in a written form within 15 working days.

 

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 certificate is valid from January 1 to December 31. Once the required documents are complete as defined and the actual inspection is conducted, the Accounting Department of the Ministry of Finance shall consider the issuance of the certificate.

 

ISSUING FEES
Has application fees?	Service fees	Certificate fees	Application fees	Total fees
YES	100000.00	0.00	0.00	100000.00
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
Financial Statement	of the previous year
Permit to Use Accounting Programme (in the previous year)	original
Statistics of Customers	for Accounting Programme Distribution Company
Certificate of Annual Tax Payment	for enterprise account
Enterprise Registration Certificate
Certificate of Tax Registration
Account Holding Certificate	of the previous year
Other documents from relevant sectors	if any

 

STATISTICS (Issue or/and renewed number)
Year	Issued	Renewed
2016
2017