{"id":8539,"date":"2026-05-15T10:36:08","date_gmt":"2026-05-15T03:36:08","guid":{"rendered":"https:\/\/ketoan.man.net.vn\/?p=8539"},"modified":"2026-05-15T10:36:08","modified_gmt":"2026-05-15T03:36:08","slug":"dieu-kien-gop-bctc-khong-qua-15-thang","status":"publish","type":"post","link":"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/","title":{"rendered":"The condition for consolidating financial statements is that they must not exceed 15 months for small and medium-sized enterprises."},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Determining the correct criteria for consolidating financial statements that are no older than 15 months is particularly important for newly established businesses at the end of 2025, especially in the current context. <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Doanh-nghiep\/Thong-tu-99-2025-TT-BTC-huong-dan-Che-do-ke-toan-doanh-nghiep-565484.aspx\" target=\"_blank\" rel=\"noopener\">Circular 99\/2025\/TT-BTC<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> Officially effective from January 1, 2026. Many businesses mistakenly believe that as long as the first accounting period is less than 3 months, they can consolidate financial statements to the following year. However, in reality, many legal issues arise related to the transition to a new accounting system. This article will analyze in detail the conditions for consolidating financial statements no longer than 15 months according to the 2015 Accounting Law. <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/thuvienphapluat.vn\/cong-van\/Tai-chinh-nha-nuoc\/Cong-van-66-QLKT-DN-2026-gop-bao-cao-tai-chinh-691250.aspx\" target=\"_blank\" rel=\"noopener\">Official Document 66\/QLKT-DN<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> and <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/thuvienphapluat.vn\/van-ban\/Thuong-mai\/Nghi-dinh-20-2026-ND-CP-huong-dan-Nghi-quyet-198-2025-QH15-chinh-sach-dac-biet-phat-trien-kinh-te-tu-nhan-673099.aspx\" target=\"_blank\" rel=\"noopener\">Decree 20\/2026\/ND-CP<\/a><\/span><\/strong><span style=\"font-weight: 400;\">This helps accountants and business owners understand when consolidation is permissible and when separate financial statements are required, while also maximizing the benefits of corporate income tax exemption during the first three years of operation.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_88 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Khung_phap_ly_ve_ky_ke_toan_dau_tien_theo_Luat_Ke_toan_2015\" >Legal framework for the first accounting period under the Accounting Law 2015<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Hieu_dung_ve_dieu_kien_gop_BCTC_khong_qua_15_thang_trong_thuc_tien\" >Understanding the practical application of the condition of consolidating financial statements no older than 15 months.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Thong_tu_992025TT-BTC_doi_voi_doanh_nghiep_thanh_lap_cuoi_nam_2025\" >Circular 99\/2025\/TT-BTC applies to businesses established at the end of 2025.<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Cong_van_66QLKT-DN\" >Official Document 66\/QLKT-DN<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Y_nghia_cua_viec_khong_cho_gop_doi_voi_co_quan_quan_ly\" >The implications of prohibiting mergers for the regulatory body.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Truong_hop_doanh_nghiep_ap_dung_Thong_tu_133\" >Cases where businesses apply Circular 133<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Chinh_sach_mien_thue_TNDN_theo_Nghi_dinh_202026ND-CP\" >Corporate income tax exemption policy under Decree 20\/2026\/ND-CP<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Dieu_kien_1_Doi_tuong_la_doanh_nghiep_vua_va_nho_dang_ky_lan_dau\" >Condition 1: The applicant must be a small or medium-sized enterprise registering for the first time.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Dieu_kien_2_Khong_thuoc_truong_hop_to_chuc_lai_doanh_nghiep\" >Condition 2: Not subject to business restructuring.<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Huong_dan_lap_ho_so_va_quyet_toan_cho_doanh_nghiep_thanh_lap_cuoi_nam_2025\" >Guidelines for preparing documents and settling accounts for businesses established at the end of 2025.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Ket_luan\" >Conclude<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/ketoan.man.net.vn\/en\/dieu-kien-gop-bctc-khong-qua-15-thang\/#Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\" >Contact information MAN \u2013 Master Accountant Network<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Khung_phap_ly_ve_ky_ke_toan_dau_tien_theo_Luat_Ke_toan_2015\"><\/span><b>Legal framework for the first accounting period under the Accounting Law 2015<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Before considering the conditions for consolidating financial statements for no more than 15 months, we need to return to the core principles of accounting periods as stipulated in the 2015 Accounting Law. This is the foundation upon which all subsequent guiding circulars must adhere.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">According to regulations, an accounting period is understood as the time from the time accounting entries are recorded to the time the books are closed for the preparation of financial statements. For a normally operating business, the accounting year is 12 full months according to the calendar year, starting from January 1st to December 31st. However, for newly established entities, the 2015 Accounting Law provides specific guidance in Article 12 as follows:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The first accounting period for a newly established business runs from the date the Business Registration Certificate is issued until the last day of the accounting year (December 31st).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Businesses with unique business cycles may register for a different accounting year, but must ensure it is at least 12 months long and notify the tax authorities.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">The problem arises when a business is established too late in the year, for example, on December 10th. If it is mandatory to prepare financial statements for only 21 days of operation, the business will incur unnecessary costs. Therefore, a flexible mechanism for consolidating financial statements for no more than 15 months was introduced to solve this problem.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Businesses should seek consultation. <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/ketoan.man.net.vn\/en\/dich-vu-ke-toan-tphcm\/\">accounting services<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> from the <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/ketoan.man.net.vn\/en\/cong-ty-dich-vu-ke-toan\/\">accounting services company<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> Reputable and experienced professionals with expertise in accounting and tax support can ensure legal compliance and protect the company&#039;s interests.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Hieu_dung_ve_dieu_kien_gop_BCTC_khong_qua_15_thang_trong_thuc_tien\"><\/span><b>Understanding the practical application of the condition of consolidating financial statements no older than 15 months.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_8542\" aria-describedby=\"caption-attachment-8542\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8542\" src=\"https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Hieu-dung-ve-dieu-kien-gop-BCTC-khong-qua-15-thang.jpg\" alt=\"Hi\u1ec3u \u0111\u00fang v\u1ec1 \u0111i\u1ec1u ki\u1ec7n g\u1ed9p BCTC kh\u00f4ng qu\u00e1 15 th\u00e1ng\" width=\"1200\" height=\"675\" srcset=\"https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Hieu-dung-ve-dieu-kien-gop-BCTC-khong-qua-15-thang.jpg 1200w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Hieu-dung-ve-dieu-kien-gop-BCTC-khong-qua-15-thang-300x169.jpg 300w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Hieu-dung-ve-dieu-kien-gop-BCTC-khong-qua-15-thang-1024x576.jpg 1024w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Hieu-dung-ve-dieu-kien-gop-BCTC-khong-qua-15-thang-768x432.jpg 768w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Hieu-dung-ve-dieu-kien-gop-BCTC-khong-qua-15-thang-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-8542\" class=\"wp-caption-text\">Understanding the conditions for consolidating financial statements no older than 15 months<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">According to Clause 4, Article 12 of the 2015 Accounting Law, a business is allowed to consolidate accounting periods if it meets specific criteria. The key point here is that the first accounting period must not exceed three consecutive months.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If the period meets the criterion of being less than 3 months, the business is allowed to combine this period with the following accounting year to form a single period. However, a crucial rule that accountants must remember is that the combined financial statements must not exceed 15 months. This means that if a business is established in October 2025 (first period of 3 months), it can combine it with the 12 months of 2026, creating a single accounting period of exactly 15 months. If established in September 2025 (first period of 4 months), the business is required to submit separate financial statements for 2025 because combining them would violate the 15-month rule (resulting in a total of 16 months).<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">However, during the transition period between the old and new accounting systems in 2026, the application of the condition that consolidated financial statements should not exceed 15 months faced obstacles from the latest guiding circulars of the Ministry of Finance.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Thong_tu_992025TT-BTC_doi_voi_doanh_nghiep_thanh_lap_cuoi_nam_2025\"><\/span><b>Circular 99\/2025\/TT-BTC applies to businesses established at the end of 2025.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Circular 99\/2025\/TT-BTC, guiding the accounting regime for enterprises, was issued with the goal of modernizing the financial management system. According to Article 31 of this Circular, its effective date is January 1, 2026. This creates a technical barrier that prevents many businesses, even those wishing to, from consolidating financial statements for no more than 15 months.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Cong_van_66QLKT-DN\"><\/span><b>Official Document 66\/QLKT-DN<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">On January 15, 2026, the Accounting and Auditing Supervision Department issued Official Letter 66\/QLKT-DN to officially respond to the issue of consolidating reports. According to the letter, although the company&#039;s establishment between December 10, 2025 and December 31, 2025 is less than three months, there is no basis to apply Circular 99 before January 1, 2026.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Circular 99\/2025\/TT-BTC only applies to fiscal years beginning on or after January 1, 2026. Businesses cannot account for transactions in December 2025 according to Circular 99. If a business combines the 2025 period with the 2026 period, that report will become a inconsistent entity in terms of accounting system (December 2025 according to the old system, 2026 according to the new system).<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Therefore, although the Accounting Law allows it, due to the difference in regulations between the two years, businesses established in December 2025 are not allowed to apply the condition of consolidating financial statements for no more than 15 months. In this case, the best option is for the business to proactively take action.<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/ketoan.man.net.vn\/en\/thue-ke-toan-lam-bao-cao-tai-chinh\/\"> hire an accountant to prepare financial statements. <\/a><\/span><\/strong><span style=\"font-weight: 400;\">To ensure the consistency of accounting data before transitioning to Circular 99.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Y_nghia_cua_viec_khong_cho_gop_doi_voi_co_quan_quan_ly\"><\/span><b>The implications of prohibiting mergers for the regulatory body.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Requiring separate submissions of the 2025 report helps the Tax and Finance authorities finalize the old data before entering the new accounting era. This avoids confusion in applying new accounting accounts or asset valuation methods that may change between the two regimes. However, this is a necessary requirement to ensure transparency when considering the conditions for consolidating financial statements for no more than 15 months on an overall basis.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Truong_hop_doanh_nghiep_ap_dung_Thong_tu_133\"><\/span><b>Cases where businesses apply Circular 133<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<figure id=\"attachment_8541\" aria-describedby=\"caption-attachment-8541\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-8541\" src=\"https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Dieu-kien-gop-BCTC-khong-qua-15-thang-danh-cho-doanh-nghiep-ap-dung-Thong-tu-133.jpg\" alt=\"\u0110i\u1ec1u ki\u1ec7n g\u1ed9p BCTC kh\u00f4ng qu\u00e1 15 th\u00e1ng d\u00e0nh cho doanh nghi\u1ec7p \u00e1p d\u1ee5ng Th\u00f4ng t\u01b0 133\" width=\"1200\" height=\"675\" srcset=\"https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Dieu-kien-gop-BCTC-khong-qua-15-thang-danh-cho-doanh-nghiep-ap-dung-Thong-tu-133.jpg 1200w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Dieu-kien-gop-BCTC-khong-qua-15-thang-danh-cho-doanh-nghiep-ap-dung-Thong-tu-133-300x169.jpg 300w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Dieu-kien-gop-BCTC-khong-qua-15-thang-danh-cho-doanh-nghiep-ap-dung-Thong-tu-133-1024x576.jpg 1024w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Dieu-kien-gop-BCTC-khong-qua-15-thang-danh-cho-doanh-nghiep-ap-dung-Thong-tu-133-768x432.jpg 768w, https:\/\/ketoan.man.net.vn\/wp-content\/uploads\/2026\/05\/Dieu-kien-gop-BCTC-khong-qua-15-thang-danh-cho-doanh-nghiep-ap-dung-Thong-tu-133-18x10.jpg 18w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-8541\" class=\"wp-caption-text\">The condition for consolidating financial statements for no more than 15 months applies to businesses complying with Circular 133.<\/figcaption><\/figure>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Not all businesses are unable to consolidate their reports in 2026. A significant segment can still flexibly apply the condition of consolidating financial statements for no more than 15 months, namely businesses that apply the accounting regime according to Circular 133\/2016\/TT-BTC (for small and medium-sized enterprises).<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Unlike entities that have to switch to Circular 99, businesses currently using Circular 133 are not subject to systemic changes in accounting practices during this period. Therefore, consistency in accounting methods between 2025 and 2026 will be maintained.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">If a micro-enterprise is established on December 20, 2025, and chooses Circular 133, they can confidently apply the condition of consolidating financial statements for no more than 15 months. They will consolidate 11 days of 2025 into the 2026 accounting period. This significantly saves the business time and costs on accounting and auditing services in the early days of operation. This is a strategic point that business owners need to discuss thoroughly with their accounting department when deciding on an accounting system right from the initial registration stage.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">For busy startups, using<\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/ketoan.man.net.vn\/en\/dich-vu-ke-toan-online\/\"> online accounting services<\/a><\/span><\/strong><span style=\"font-weight: 400;\"> Tracking these timelines is an extremely smart and cost-effective option.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Chinh_sach_mien_thue_TNDN_theo_Nghi_dinh_202026ND-CP\"><\/span><b>Corporate income tax exemption policy under Decree 20\/2026\/ND-CP<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">One extremely positive piece of information accompanying the stringent reporting regulations is the tax incentive policy. To boost the private sector after the implementation of Resolution 198\/2025\/QH15, the Government issued Decree 20\/2026\/ND-CP guiding the exemption of corporate income tax for new businesses.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Even if a business cannot meet the condition of consolidating financial statements for no more than 15 months and must submit separate reports for 2025, it can still benefit from the tax exemption policy for the first three years if it meets two core conditions:<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Dieu_kien_1_Doi_tuong_la_doanh_nghiep_vua_va_nho_dang_ky_lan_dau\"><\/span><b>Condition 1: The applicant must be a small or medium-sized enterprise registering for the first time.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Businesses must belong to the small and medium-sized enterprise (SME) group, including household businesses converting into enterprises or newly registered startups. The initial registration requirements aim to eliminate the practice of &quot;transferring ownership&quot; to benefit from incentives. When businesses prepare their first year&#039;s financial statements, even if they are not eligible for the condition of consolidating financial statements for no more than 15 months, they must still record all revenue and expenses to determine the amount of tax exempted.<\/span><\/p>\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Dieu_kien_2_Khong_thuoc_truong_hop_to_chuc_lai_doanh_nghiep\"><\/span><b>Condition 2: Not subject to business restructuring.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Decree 20\/2026\/ND-CP clearly stipulates that newly established businesses resulting from mergers, consolidations, divisions, separations, or conversions of business types from previously operating entities will not be eligible for the 3-year tax exemption. This policy is only for truly &quot;new blood&quot; inflows into the economy.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Understanding these conditions provides businesses with greater peace of mind. Even if they have to painstakingly prepare a separate report for the last few days of 2025 (due to not meeting the technical requirement of consolidating financial statements for no more than 15 months as stipulated in the circular), the benefits from the corporate income tax exemption for the next three years are enormous, fully offsetting the initial compliance costs.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Huong_dan_lap_ho_so_va_quyet_toan_cho_doanh_nghiep_thanh_lap_cuoi_nam_2025\"><\/span><b>Guidelines for preparing documents and settling accounts for businesses established at the end of 2025.<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Below are the steps accountants need to take to ensure compliance with both accounting and tax regulations, given the current divergence in rules regarding the consolidation of financial statements for no more than 15 months:<\/span><\/p>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 1 \u2013 Review the Business License issuance date: If the issuance date falls between October 1, 2025 and December 31, 2025, the business is subject to consolidated reporting review.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 2 \u2013 Determine the applicable accounting regime: If Circular 99\/2025\/TT-BTC is chosen, separate financial statements for 2025 are mandatory. The condition of consolidating financial statements for no more than 15 months is not permitted. If Circular 133\/2016\/TT-BTC is chosen, the 2025 and 2026 financial statements may be consolidated, provided the total period does not exceed 15 months.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 3 \u2013 Notify the tax authorities: If the business is eligible for consolidation, a written notification must be sent to the directly managing tax authority to avoid being automatically flagged for late submission of the 2025 financial statements by the system.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 4 \u2013 Prepare tax exemption documents: Fill out the forms according to Decree 20\/2026\/ND-CP along with the first year&#039;s corporate income tax return to activate the 3-year tax exemption benefit.<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Thorough preparation of the above steps will help businesses navigate the first tax year smoothly. Whether or not you can consolidate financial statements (as long as they are not consolidated for more than 15 months), the accuracy of the data remains the top priority.<\/span><\/p>\n<h2 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">For businesses established between December 10, 2025 and December 31, 2025, the best advice is to proactively prepare separate financial statements for 2025 according to the guidelines in Circular 66\/QLKT-DN. Although the condition of consolidating financial statements for no more than 15 months cannot be applied, with the support from the corporate income tax exemption policy under Decree 20\/2026\/ND-CP, the financial pressure on newly established businesses has been significantly reduced. Accountants need to regularly update themselves on guidelines from the Ministry of Finance to take the right steps and protect the best interests of their businesses.<\/span><\/p>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Contact MAN \u2013 Master Accountant Network for expert support and advice!<\/span><\/p>\n<p style=\"text-align: justify;\"><div class=\"su-button-center\"><a href=\"https:\/\/ketoan.man.net.vn\/en\/lien-he\/\" class=\"su-button su-button-style-flat\" style=\"color:#FFFFFF;background-color:#d9534f;border-color:#ae4340;border-radius:5px\" target=\"_self\"><span style=\"color:#FFFFFF;padding:0px 22px;font-size:17px;line-height:34px;border-color:#e58784;border-radius:5px;text-shadow:none\">  Contact Us for Consultation <\/span><\/a><\/div>\n<p style=\"text-align: justify;\">\n<h3 style=\"text-align: justify;\"><span class=\"ez-toc-section\" id=\"Thong_tin_lien_he_MAN_%E2%80%93_Master_Accountant_Network\"><\/span><b>Contact information MAN \u2013 Master Accountant Network<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul style=\"text-align: justify;\">\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Address: No. 19A, Street 43, Tan Thuan Ward, Ho Chi Minh City<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mobile\/Zalo: 0903 963 163 \u2013 0903 428 622<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Email: man@man.net.vn<\/span><\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><span style=\"font-weight: 400;\">Content production by: Mr. <\/span><strong><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/man.net.vn\/le-hoang-tuyen\/\" target=\"_blank\" rel=\"noopener\">Le Hoang Tuyen \u2013 Founder &amp; CEO of MAN \u2013 Master Accountant Network<\/a><\/span><\/strong><span style=\"font-weight: 400;\">CPA Vietnam auditors with over 30 years of experience in accounting, auditing, and financial consulting.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>Vi\u1ec7c x\u00e1c \u0111\u1ecbnh \u0111\u00fang \u0111i\u1ec1u ki\u1ec7n g\u1ed9p BCTC kh\u00f4ng qu\u00e1 15 th\u00e1ng l\u00e0 v\u1ea5n \u0111\u1ec1 \u0111\u1eb7c bi\u1ec7t quan tr\u1ecdng \u0111\u1ed1i v\u1edbi doanh nghi\u1ec7p m\u1edbi th\u00e0nh l\u1eadp cu\u1ed1i n\u0103m 2025, nh\u1ea5t l\u00e0 trong b\u1ed1i c\u1ea3nh Th\u00f4ng t\u01b0 99\/2025\/TT-BTC ch\u00ednh th\u1ee9c c\u00f3 hi\u1ec7u l\u1ef1c t\u1eeb 01\/01\/2026. Nhi\u1ec1u doanh nghi\u1ec7p t\u01b0\u1edfng r\u1eb1ng ch\u1ec9 c\u1ea7n k\u1ef3 k\u1ebf to\u00e1n \u0111\u1ea7u [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":8540,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8539","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"acf":[],"_links":{"self":[{"href":"https:\/\/ketoan.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/8539","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ketoan.man.net.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ketoan.man.net.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ketoan.man.net.vn\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/ketoan.man.net.vn\/en\/wp-json\/wp\/v2\/comments?post=8539"}],"version-history":[{"count":1,"href":"https:\/\/ketoan.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/8539\/revisions"}],"predecessor-version":[{"id":8543,"href":"https:\/\/ketoan.man.net.vn\/en\/wp-json\/wp\/v2\/posts\/8539\/revisions\/8543"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ketoan.man.net.vn\/en\/wp-json\/wp\/v2\/media\/8540"}],"wp:attachment":[{"href":"https:\/\/ketoan.man.net.vn\/en\/wp-json\/wp\/v2\/media?parent=8539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ketoan.man.net.vn\/en\/wp-json\/wp\/v2\/categories?post=8539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ketoan.man.net.vn\/en\/wp-json\/wp\/v2\/tags?post=8539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}