CIRCULAR NO. 99/2025/TT-BTC ON THE ACCOUNTING REGIME FOR ENTERPRISES
- phanhoainamba
- Jan 20
- 2 min read
On 27 October 2025, the Ministry of Finance issued Circular No. 99/2025/TT-BTC providing guidance on the accounting regime for enterprises. The Circular takes effect from 1 January 2026 and applies to financial years commencing on or after this date. Circular 99 not only replaces and systematizes existing regulations on enterprise accounting, but also clearly reflects the policy direction toward strengthening corporate governance, internal control, transparency, and accountability in financial and accounting activities.
The Circular comprehensively regulates the core components of the enterprise accounting regime, including requirements on internal control; accounting currency; accounting documents, accounting books, and the chart of accounts; as well as principles for the preparation and presentation of financial statements in both ordinary and specific circumstances, such as changes in accounting periods, conversion of enterprise forms, division, separation, consolidation, mergers, or cases where the going concern assumption is no longer met. In addition, the Circular clarifies accounting principles applicable to cash, receivables and payables, inventories, fixed assets, investment properties, construction in progress, investments in other entities, business cooperation contracts (BCCs), and provisions.
Notably, Circular 99 devotes substantial attention to detailed regulations on accounting principles for revenue, expenses, and business results. These include revenue from sales and service provision, financial income, revenue deductions; production costs, financial expenses, selling expenses, and general and administrative expenses; as well as the recognition of other income, other expenses, and corporate income tax expenses, including new provisions relating to the global minimum tax.
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Clients are encouraged to contact W&A for in depth advice and professional support on legal, financial and accounting, tax, customs, human resources, and insurance matters in connection with the implementation of and compliance with Circular No. 99/2025/TT-BTC.
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