Thông tư 24/2022/TT-BTC

Nội dung toàn văn Circular 24/2022/TT-BTC Amendments to Circular 48/2019/TT-BTC


MINISTRY OF FINANCE
-------

SOCIALIST REPUBLIC OF VIETNAM
Independence - Freedom - Happiness
---------------

No. 24/2022/TT-BTC

Hanoi, April 7, 2022

 

CIRCULAR

AMENDMENTS AND SUPPLEMENTS TO SEVERAL ARTICLES OF CIRCULAR NO. 48/2019/TT-BTC DATED AUGUST 8, 2019 OF THE MINISTER OF FINANCE, PROVIDING INSTRUCTIONS ABOUT CREATION AND MANAGEMENT OF PROVISIONS FOR DEVALUATION OF INVENTORIES, LOSS OF INVESTMENTS, BAD DEBTS AND WARRANTIES FOR PRODUCTS, GOODS, SERVICES OR CONSTRUCTION WORKS AT ENTERPRISES

Pursuant to the Government's Decree No. 218/2013/ND-CP dated December 26, 2013, elaborating and providing guidance on the implementation of the Law on Corporate Income Tax;

Pursuant to the Government’s Decree No. 91/2014/ND-CP dated October 1, 2014, amending and supplementing several Articles at Decrees dealing with taxes; the Government’s Decree No. 12/2015/ND-CP dated February 12, 2015, elaborating on implementation of the Law on Amendments and Supplements to certain Articles of the Law on Taxes, amendments and supplements to several Articles of Decrees on taxes;

Pursuant to the Government's Decree No. 87/2017/ND-CP dated July 26, 2017, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;

Upon the request of the Director of the Department of Banking and Financial Institutions;

The Minister of Finance herein promulgates the Circular on amendments and supplements to several Articles of the Circular No. 48/2019/TT-BTC dated August 8, 2019 of the Minister of Finance, providing instructions about creation and management of provisions for devaluation of inventories, loss of investments, bad debts and warranties for products, goods, services or construction works at enterprises.

Article 1. Amendments and supplements to several Articles of the Circular No. 48/2019/TT-BTC , providing instructions about creation and management of provisions for devaluation of inventories, loss of investments, bad debts and warranties for products, goods, services or construction works at enterprises

1. Amending and supplementing point a of clause 1 of Article 5 as follows:

“a) Securities subject to the provisioning requirement are types of securities issued by domestic business entities in accordance with law; under the ownership of enterprises; listed or registered for trades to be performed on the domestic securities market; freely traded on the market at the actual price determined at the time of completion of annual financial statements which is less than the book value of investments in securities

Government bonds, Government-guaranteed bonds and municipal bonds are exempted from such provisioning requirement.”

2. Amending and supplementing point b of clause 1 of Article 5 as follows:

“b) The amount of provision shall be calculated according to the following formula:

The amount of provision for devaluation in the investment in securities

=

Book value of the investment in securities

-

Volume of securities that the enterprise holds at the time of preparation of the year-end financial statement

X

Fair market value

- For listed securities (including stocks, fund certificates, derivatives, covered warrants): The fair market value of each security is calculated at the closing price determined from the latest day when a trade is performed to the day of preparation of the year-end financial statement.

In case where a security already listed on the stock exchange is not traded within 30 days before the provisioning date, the enterprise should make provision for each investment in the security as per point b of clause 2 of this Article.

In case where, on the provisioning day, the security is delisted; and any trade on it is terminated or suspended, the enterprise should make provision for each investment in the security as per point b of clause 2 of this Article.

- For stocks registered on the securities markets of unlisted public companies and state-owned enterprises equitized in the form of public securities offering (Upcom, the fair market value of these securities that is determined shall be the average reference price thereof within 30 days of successive trades immediately prior to the time of preparation of the year-end financial statement as made known to the public by the Stock Exchange.      In case where a security of a joint stock company already listed on Upcom is not traded within 30 days before the day of preparation of the year-end financial statement, the company should make provision for each investment in the security as per point b of clause 2 of this Article.

- For corporate bonds listed and registered for trades, the market price of each security is the price of the latest trade at the Stock Exchange within 10 days that expire on the day of preparation of the financial statement.    Where there is none of trades to be performed within 10 days that expire on the date of preparation of the year-end financial statement, the enterprise shall not make provision for each investment in this type of security.”

Article 2. Entry into force

1. This Circular shall enter into force as of May 25, 2022.

2. The remaining balance of provisions for investments in Government bonds, Government-guaranteed bonds, municipal bonds that enterprises made before the entry into force of this Circular (if any) shall be reversely recorded as deductions for expenses at the time of preparation of the year-end financial statement of 2022.

3. In the course of implementation, if there is any issue or problem that arises, organizations and individuals can notify this to the Ministry of Finance to seek its decision on actions to be taken./.

 

 

PP. MINISTER
DEPUTY MINISTER




Nguyen Duc Chi

 


------------------------------------------------------------------------------------------------------
This translation is made by THƯ VIỆN PHÁP LUẬT and for reference purposes only. Its copyright is owned by THƯ VIỆN PHÁP LUẬT and protected under Clause 2, Article 14 of the Law on Intellectual Property.Your comments are always welcomed

Đã xem:

Đánh giá:  
 

Thuộc tính Văn bản pháp luật 24/2022/TT-BTC

Loại văn bảnThông tư
Số hiệu24/2022/TT-BTC
Cơ quan ban hành
Người ký
Ngày ban hành07/04/2022
Ngày hiệu lực25/05/2022
Ngày công báo...
Số công báo
Lĩnh vực
Tình trạng hiệu lựcChưa có hiệu lực
Cập nhật3 tuần trước
(27/04/2022)
Yêu cầu cập nhật văn bản này

Download Văn bản pháp luật 24/2022/TT-BTC

Lược đồ Circular 24/2022/TT-BTC Amendments to Circular 48/2019/TT-BTC


Văn bản bị sửa đổi, bổ sung

    Văn bản liên quan ngôn ngữ

      Văn bản sửa đổi, bổ sung

        Văn bản bị đính chính

          Văn bản được hướng dẫn

            Văn bản đính chính

              Văn bản bị thay thế

                Văn bản hiện thời

                Circular 24/2022/TT-BTC Amendments to Circular 48/2019/TT-BTC
                Loại văn bảnThông tư
                Số hiệu24/2022/TT-BTC
                Cơ quan ban hànhBộ Tài chính
                Người kýNguyễn Đức Chi
                Ngày ban hành07/04/2022
                Ngày hiệu lực25/05/2022
                Ngày công báo...
                Số công báo
                Lĩnh vực
                Tình trạng hiệu lựcChưa có hiệu lực
                Cập nhật3 tuần trước
                (27/04/2022)

                Văn bản thay thế

                  Văn bản được dẫn chiếu

                    Văn bản hướng dẫn

                      Văn bản được hợp nhất

                        Văn bản được căn cứ

                          Văn bản hợp nhất

                            Văn bản gốc Circular 24/2022/TT-BTC Amendments to Circular 48/2019/TT-BTC

                            Lịch sử hiệu lực Circular 24/2022/TT-BTC Amendments to Circular 48/2019/TT-BTC

                            • 07/04/2022

                              Văn bản được ban hành

                              Trạng thái: Chưa có hiệu lực

                            • 25/05/2022

                              Văn bản có hiệu lực

                              Trạng thái: Có hiệu lực