Circular No. 24/2022/TT-BTC
dated April 7th, 2022 of the Ministry of Finance on amendments, supplements to some articles of Circular No. 48/2019/TT-BTC
dated August 8th, 2019 of the Ministry of Finance providing guidance on making and settlement of provisions for devaluation of inventory, losses on financial investments, bad debts and warranty at enterprises
Posted: 12/4/2022 7:06:22 AM | Latest updated: 12/8/2022 8:07:11 AM (GMT+7) | LuatVietnam: 5430
| Vietlaw: 557
This Circular amends clause 1 Article 5 of Circular No. 48/2019/TT-BTC to remove the regulations on allowing making provisions for devaluation of Government bonds, bonds guaranteed by the Government, local government bonds.
With regard to remaining provisions for investments in Government bonds, bonds guaranteed by the Government, local government bonds which were made before the effective date of this Circular, they shall be reversed and recorded as a decrease in financial investment at the time of making the 2022 financial statement.
This Circular takes effect from May 25th, 2022.
Ms Phuong Thao (VietlawOnline.com)
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