On 8 August 2019, Vietnam's Ministry of Finance issued Circular No. 48/2019 providing guidance on several types of provisions. The circular will enter into force on 10 October 2019 and will apply from fiscal year 2019 onwards. It replaces Circular 228/2009/TT-BTC and its amendments.

Some of the key features of the circular include.

• The circular applies to enterprises that are established unde…