Key updates to Circular No. 99/2025/TT-BTC

1. Overview

Objectives of Circular 99/2025/TT-BTC

• Autonomy: Empower enterprises with greater autonomy in organizing their accounting systems.
• IFRS alignment: Align with International Financial Reporting Standards (IFRS).
• Digital transformation: Promote the digital transformation of accounting systems.

2. Key highlights

• Accounting templates and account systems: Enterprises are allowed to design their own accounting document templates, flexible financial reporting formats, and detailed account systems tailored to their management needs, provided they comply with the basic legal requirements.
• Internal governance and internal control: Enterprises must establish internal governance regulations and internal control systems to ensure compliance with the Law on Enterprises and other relevant legal provisions.
• Accounting currency unit: Provides guidance on converting the accounting currency unit.
• Accounts: Renames and redefines certain accounts, while also adding or removing specific accounts from the system.
• Financial statements in corporate restructuring: Offers more detailed instructions on preparing financial statements in cases of corporate restructuring, such as mergers, splits, or conversions.

For a more detailed and practical analysis, read Circular 99/2025/TT-BTC: Key Accounting Changes for Businesses in Vietnam.

3. Recommended actions

Enterprises should:

• Internal governance: Establish, review, and adjust internal governance regulations to ensure legal compliance.
• Accounting personnel: Train accounting personnel according to the new standards.
• Digital infrastructure: Prepare digital infrastructure for electronic documents and digital signatures.
• Accounting software: Update accounting software to ensure compatibility with the new regulations.
• Internal training: Organize internal training sessions to disseminate the circular’s contents to accounting staff.

How can we help?

Contact our Outsourcing and Audit & assurance teams to discuss how Circular No. 99/2025/TT-BTC applies to your enterprise in Vietnam.