Accounting Alert - Circular 53/2016/TT-BTC

On 21 March 2016, the Ministry of Finance issued Circular No. 53/2016/TT-BTC (“Circular 53”) pro­viding Amendments and supplements to certain articles in Circular No. 200/2014/TT-BTC (“Circular 200”) on the Vietnamese Accounting System for Enterprises. As such, Grant Thornton Vietnam would like to share with you the updates in the Circular 53 by this Accounting Alert. The Circular 53 is effective from 21 March 2016 and applicable for annual accounting periods beginning on or after 1 January 2016. However, enterprises are allowed to elect to apply exchange rates for their 2015 financial statements. 

Accounting alert in Vietnamese