Accounting regulations
Crowe Vietnam consolidates the accounting-related regulations in Vietnam, providing you with accurate updates on the latest changes in accounting laws, Vietnamese Accounting Standards (VAS), and International Financial Reporting Standards (IFRS).
- Accounting Law No. 88/2015/QH13 dated November 20, 2015.
- Decree No. 174/2016/ND-CP dated December 30, 2016, detailing the implementation of certain articles of the Accounting Law.
- Circular No. 05/2019/TT-BTC dated January 25, 2019, providing accounting guidance applicable to microfinance institutions.
- Circular No. 39/2020/TT-BTC dated May 15, 2020, amending and supplementing the reporting regime under several circulars in the fields of accounting and independent audit.
- Circular No. 40/2020/TT-BTC dated May 15, 2020, guiding the reporting regime in the fields of accounting and independent audit under Decree No. 174/2016/ND-CP dated December 30, 2016, detailing the implementation of certain articles of the Accounting Law, and Decree No. 17/2012/ND-CP dated March 13, 2012, detailing and guiding the implementation of certain articles of the Law on Independent Audit.
The Vietnamese Accounting Standards (VAS) system sets out and guides the principles, accounting methods, bookkeeping, and the preparation and presentation of Financial Statements applicable to enterprises across all sectors and types of economic ownership.
List of Vietnamese Accounting Standards (VAS):
* VAS 01 General Standard
* VAS 02 Inventories
* VAS 03 Tangible Fixed Assets
* VAS 04 Intangible Fixed Assets
* VAS 05 Investment Property
* VAS 06 Leases
* VAS 07 Accounting for Investments in Associates
* VAS 08 Financial Information on Joint Ventures
* VAS 10 Effects of Changes in Foreign Exchange Rates
* VAS 11 Business Combinations
* VAS 14 Revenue and Other Income
* VAS 15 Construction Contracts
* VAS 16 Borrowing Costs
* VAS 17 Corporate Income Tax
* VAS 18 Provisions, Contingent Assets, and Contingent Liabilities
* VAS 19 Insurance Contracts
* VAS 21 Presentation of Financial Statements
* VAS 22 Additional Disclosures of Financial Statements of Banks and Similar Financial Institutions
* VAS 23 Events After the Balance Sheet Date
* VAS 24 Cash Flow Statements
* VAS 25 Consolidated Financial Statements and Accounting for Investments in Subsidiaries
* VAS 26 Related Party Disclosures
* VAS 27 Interim Financial Reporting
* VAS 28 Segment Reporting
* VAS 29 Changes in Accounting Policies, Accounting Estimates, and Errors
* VAS 30 Earnings Per Share
- Circular No. 200/2014/TT-BTC dated December 22, 2014, guiding the corporate accounting regime.
- Circular No. 75/2015/TT-BTC dated May 18, 2015, amending and supplementing Article 128 of Circular No. 200/2014/TT-BTC dated December 22, 2014, guiding the corporate accounting regime.
- Circular No. 133/2016/TT-BTC dated August 26, 2016, guiding the accounting regime for small and medium-sized enterprises.
- Circular No. 132/2018/TT-BTC dated December 28, 2018, guiding the accounting regime for micro-enterprises.
- Circular No. 53/2016/TT-BTC dated March 21, 2016, amending and supplementing a number of articles of Circular No. 200/2014/TT-BTC dated December 22, 2014, of the Ministry of Finance guiding the corporate accounting regime.
- Circular No. 96/2010/TT-BTC dated July 5, 2010, guiding the recovery and handling of accounting documents lost or destroyed due to objective causes.
- Circular No. 179/2012/TT-BTC dated October 24, 2012, regulating the recognition, measurement, and handling of foreign exchange differences in enterprises.
- Circular No. 45/2013/TT-BTC dated April 25, 2013, guiding the regime for management, use, and depreciation of fixed assets.
- Circular No. 202/2014/TT-BTC dated December 22, 2014, guiding the method of preparing and presenting consolidated financial statements.
- Circular No. 09/2015/TT-BTC dated January 29, 2015, guiding financial transactions of enterprises under the provisions of Article 6 of Decree No. 222/2013/ND-CP dated December 31, 2013, of the Government on cash payments.
- Circular No. 48/2019/TT-BTC dated August 8, 2019, guiding the provisioning and handling of provisions for devaluation of inventories, investment losses, doubtful debts, and product, goods, service, and construction warranty obligations at enterprises.
- Decree No. 51/2010/ND-CP dated May 14, 2010, regulating invoices for the sale of goods and provision of services, effective until June 30, 2022.
- Decree No. 04/2014/ND-CP dated January 17, 2014, amending and supplementing several articles of Decree No. 51/2010/ND-CP dated May 14, 2010, of the Government regulating invoices for the sale of goods and provision of services, effective until June 30, 2022.
- Decree No. 119/2018/ND-CP dated September 12, 2018, regulating electronic invoices when selling goods and providing services, effective until June 30, 2022.
- Decree No. 123/2020/ND-CP dated October 19, 2020, regulating invoices and documents, effective from July 1, 2022.
- Circular No. 32/2011/TT-BTC dated March 14, 2011, guiding the creation, issuance, and use of electronic invoices for the sale of goods and provision of services, effective until June 30, 2022.
- Circular No. 39/2014/TT-BTC dated March 31, 2014, guiding the implementation of Decree No. 51/2010/ND-CP dated May 14, 2010, and Decree No. 04/2014/ND-CP dated January 17, 2014, of the Government regulating invoices for the sale of goods and provision of services, effective until June 30, 2022.
- Circular No. 37/2017/TT-BTC dated April 27, 2017, amending and supplementing Circular No. 39/2014/TT-BTC dated March 31, 2014, of the Ministry of Finance, and Circular No. 26/2015/TT-BTC dated February 27, 2015, of the Ministry of Finance, effective until June 30, 2022.
- Circular No. 68/2019/TT-BTC dated September 30, 2019, guiding the implementation of several provisions of Decree No. 119/2018/ND-CP dated September 12, 2018, of the Government regulating electronic invoices when selling goods and providing services.
- Circular No. 78/2021/TT-BTC dated September 17, 2021, guiding the implementation of several provisions of the Law on Tax Administration dated June 13, 2019, and Decree No. 123/2020/ND-CP dated October 19, 2020, of the Government regulating invoices and documents.
- Decree No. 109/2013/ND-CP dated September 24, 2013, regulating administrative penalties in the fields of price management, fees, charges, and invoices.
- Decree No. 49/2016/ND-CP dated May 27, 2016, amending and supplementing several articles of Decree No. 109/2013/ND-CP dated September 24, 2013, regulating administrative penalties in the fields of price management, fees, charges, and invoices.
- Decree No. 41/2018/ND-CP dated March 12, 2018, regulating administrative penalties in the fields of accounting and independent audit.
- Decree No. 125/2020/ND-CP dated October 19, 2020, regulating administrative penalties related to tax and invoices.
- Circular No. 31/2014/TT-BTC dated March 7, 2014, guiding the implementation of administrative penalties in the field of price management under Decree No. 109/2013/ND-CP dated September 24, 2013, of the Government regulating administrative penalties in the fields of price management, fees, charges, and invoices.
- Circular No. 153/2016/TT-BTC dated October 20, 2016, amending and supplementing several articles of Circular No. 31/2014/TT-BTC dated March 7, 2014, of the Minister of Finance guiding the implementation of administrative penalties in the field of price management under Decree No. 109/2013/ND-CP dated September 24, 2013, of the Government regulating administrative penalties in the fields of price management, fees, charges, and invoices.