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Home Library New Regulations Circular 203 (Replace Decision 206) Guidance on fixed asset depreciation

Circular 203 (Replace Decision 206) Guidance on fixed asset depreciation

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On 20 October 2009, The Ministry of Finance has issued Circular 203/2009/TT-BTC providing guidance on management, usage and depreciation of fixed assets. The circular becomes effective since 01 January 2010 and will replace Decision 206/2003-QD-BTC and is applicable for all enterprises established and operate in Vietnam. Circular 201 provided more detailed guidance compared with Decision 206 on some matters such as: management of leased assets, depreciation principles of fixed assets; changes in useful life of tangible fixed assets. However, the big difference between Circular 203 and Decision 206 is the useful life of each fixed asset categories.

 

 

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From 13 Oct to 14 Oct 2010, our experts have sucessfully carried out a training course on saving accounts management for participants of Nature Conservation and Sustainable Management of Natural Resources in the Phong Nha - Ke Bang National Park Region - the KfW funded project. The training course is highly appreciated by the participants and the project management because of its practical value.