[Webinar] Condominium management: Accounting & TAX Solutions under the Housing Law 2023

As the Housing Law 2023 (No. 27/2023/QH15) officially took effect on January 1, 2025, regulations on condominium operations have been significantly tightened. Coupled with stricter tax enforcement by Tax Authorities, financial management at Boards of Management (BOM) and Management Boards (MB) is facing immense pressure regarding accountability and strict compliance.

The lack of consistency in classifying the 2% maintenance fund, ambiguities in managing revenues from common assets, or overlooked tax obligations for non-residential income are often the “triggers” for direct tax penalties and prolonged legal disputes between the BOM and residents. Understanding these challenges, Russell Bedford KTC cordially invites you to an in-depth Webinar focused on resolving core financial and compliance issues.

Key Discussion Topics

Based on our extensive experience auditing over 20 projects in Ho Chi Minh City, this session will focus on practical solutions to ensure financial transparency and protect the reputation of the BOM/MB:

• New Financial Mechanisms: Guidance on separating operational management expenses from maintenance funds in accordance with the Housing Law 2023.
• In-depth Tax Management: Techniques for proper declaration of Corporate Income Tax (CIT) and Value Added Tax (VAT) regarding savings interest, advertising revenue, and exploitation of common amenities.
• Books & Records: Establishing a transparent accounting system, ready for auditing and accountability reports to residents.
• Risk Control: Identifying common errors and handling techniques during tax inspections or actual financial disputes.

Event Details

• Topic: Condominium Management – Accounting And Tax
• Time: 10:00 AM – 12:00 AM
• Speakers:
  • Ms. Thai Thi Van Anh (Partner KTC, BOM member with 6 years experience)
  • Ms. Tran Thuy Linh (Audit Manager KTC)
• Admission Fee: Free admission
• Language: Vietnamese (with English translation for key materials)
• Platform: Online (Webinar)

About Russell Bedford KTC

With over 20 years of operation in Vietnam and as a member of the global Russell Bedford International network, we provide an “All-In-One” solution to help BOMs and MBs thoroughly resolve difficulties in condominium management:

• Audit & Assurance: Auditing operational management funds, 2% maintenance funds, and revenues from common asset exploitation.
• Financial & Legal Consulting: Establishing internal control systems and reviewing the “3 Core Regulations” (Condominium Rules, Revenue/Expenditure Regulations, and BOM Operational Regulations).
• Tax Compliance: Consulting on electronic invoice risks, VAT, and clearly separating taxable CIT profits from common amenities.