Proposal to add regulations on the residual value of fixed assets in Vietnam

Ministry of Finance has Official Dispatch 5000/BTC-QLCS on May 31, 2022, comments were obtained on the draft Circular amending Circular 45/2018/TT-BTC guiding the regime of management, depreciation and amortization of fixed assets at agencies, organizations, units and fixed assets assigned by the State to enterprises without taking into account the composition of state capital in enterprises in Vietnam.

According to this Official Dispatch, Article 16a on the residual value of fixed assets in Vietnam is added as follows:

(1) The residual value of fixed assets in Vietnam (except for case (2)) for recording accounting books is determined according to the following formula:

Residual value of fixed assets as of December 31 of the year (n) = Cost of fixed assets - Accumulated depreciation and amortization of fixed assets as of the year (n)

(2) For fixed assets revalued the value of assets in Vietnam as prescribed in Clauses 3, 5, 6 Article 7 and Point d Clause 1 Article 10 of Circular 45/2018/TT-BTC, the residual value of fixed assets recorded in accounting books is the residual value of the revalued fixed assets.

In addition, it is proposed to abolish Clause 5 of Article 16 (Management and use of depreciation deductions), Appendix 03 (Some examples of depreciation of fixed assets)

See also the draft contents in Official Dispatch 5000/BTC-QLCS dated 31/5/2022.

 

0 lượt xem
  • Address: 19 Nguyen Gia Thieu, Vo Thi Sau Ward, District 3, Ho Chi Minh City
    Phone: (028) 7302 2286
    E-mail: info@lawnet.vn
Parent company: THU VIEN PHAP LUAT Ltd.
Editorial Director: Mr. Bui Tuong Vu - Tel. 028 3935 2079
P.702A , Centre Point, 106 Nguyen Van Troi, Ward 8, Phu Nhuan District, HCM City;