OFFICIALLY PROMULGATING CIRCULAR NO. 99/2025/TT-BTC GUIDING THE CORPORATE ACCOUNTING REGIME TO REPLACE CIRCULAR NO. 200/2014/TT-BTC

On October 27, 2025, the Ministry of Finance officially issued Circular No. 99/2025/TT-BTC guiding the corporate accounting regime to replace Circular No. 200/2014/TT-BTC issued on December 22, 2014. Circular No. 99/2025/TT-BTC has many innovations compared to Circular No. 200/2014/TT-BTC, bringing important steps in the reform and integration of Vietnamese accounting and the necessary stepping stone before Vietnam applies VFRS and IFRS. Some points to note related to Circular No. 99/2025/TT-BTC are as follows:

1. Circular No. 99/2025/TT-BTC takes effect from January 1, 2026 and applies to the fiscal year starting from or after January 1, 2026.

2. Circular No. 99/2025/TT-BTC replaces Circular No. 200/2014/TT-BTC dated 22/12/2014 (except for the case specified in Section 3); Circular No. 75/2015/TT-BTC dated 18/5/2015; Circular No. 53/2016/TT-BTC dated 21/3/2016 and Circular No. 195/2012/TT-BTC dated 15/11/2012.

3. A number of contents related to accounting for equitization of State enterprises guided in Circular No. 200/2014/TT-BTC dated 22/12/2014 of the Ministry of Finance guiding the enterprise accounting regime will continue to be implemented until a replacement document is issued.

4. Small and medium-sized enterprises, non-public establishments and other accounting units may choose to apply this Circular for accounting in accordance with the characteristics of production and business activities and management requirements of their units.