• An Giang
  • Binh Duong
  • Binh Phuoc
  • Binh Thuan
  • Binh Dinh
  • Bac Lieu
  • Bac Giang
  • Bac Kan
  • Bac Ninh
  • Ben Tre
  • Cao Bang
  • Ca Mau
  • Can Tho
  • Dien Bien
  • Da Nang
  • Da Lat
  • Dak Lak
  • Dak Nong
  • Dong Nai
  • Dong Thap
  • Gia Lai
  • Ha Noi
  • Ho Chi Minh
  • Ha Giang
  • Ha Nam
  • Ha Tinh
  • Hoa Binh
  • Hung Yen
  • Hai Duong
  • Hai Phong
  • Hau Giang
  • Khanh Hoa
  • Kien Giang
  • Kon Tum
  • Lai Chau
  • Long An
  • Lao Cai
  • Lam Dong
  • Lang Son
  • Nam Dinh
  • Nghe An
  • Ninh Binh
  • Ninh Thuan
  • Phu Tho
  • Phu Yen
  • Quang Binh
  • Quang Nam
  • Quang Ngai
  • Quang Ninh
  • Quang Tri
  • Soc Trang
  • Son La
  • Thanh Hoa
  • Thai Binh
  • Thai Nguyen
  • Thua Thien Hue
  • Tien Giang
  • Tra Vinh
  • Tuyen Quang
  • Tay Ninh
  • Vinh Long
  • Vinh Phuc
  • Vung Tau
  • Yen Bai

Simplifying accounting regime for macro-enterprises

VGP – The Ministry of Finance on December 28, 2018 issued Circular No. 132/2018/TT-BTC providing guidance on the accounting regime with regard to micro-enterprises (“Circular 132”).

June 01, 2019 7:41 AM GMT+7

Question: What is the exclusive accounting regime to macro-enterprises paying corporate income tax?

Answer: Circular 132 provides simpler application of the exclusive accounting regime to micro-enterprises paying CIT by the calculation method based on the sales ratio than the one to those paying CIT through the calculation method based on assessable income.

In case of no demand, such enterprises will only do the single entry bookkeeping without being obliged to open accounting account.

Additionally, Circular 132 also stipulates that such enterprises are not required to make financial reports.

In the event of applying the accounting regime to microenterprises paying CIT through the calculation method based on assessable income, such enterprises must still make financial statements only in order to use and store for inspection and audit without submission to tax authorities./.