Modify the object of making provision for loss of securities investment

Modify the object of making provision for loss of securities investment
Bảo Ngọc

On April 7, 2022, the Ministry of Finance issued Circular 24/2022/TT-BTC amending Circular 48/2019/TT-BTC guiding the setting up and handling of provisions for devaluation of inventories, loss of investments, bad debts and warranties for products, goods, services and construction works at the enterprise.

Accordingly, securities investments that are subject to provisioning include:

Types of securities issued by domestic economic organizations in accordance with the law, owned by enterprises, listed or registered for trading on the domestic stock market, are freely traded. market and the actual market price of securities at the time of making the annual financial statements is lower than the value of the securities investment currently recorded in the accounting books.

The above provisioning objects do not include government bonds, government-guaranteed bonds, and local government bonds.

(Compared with the current one, additional regulations on Government bonds, Government-guaranteed bonds and local government bonds are not subject to making provision for loss of securities investment)

Circular 24/2022/TT-BTC takes effect from May 25, 2022.


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