🚨 WHAT MICRO-ENTERPRISES NEED TO KNOW:
DEFINITION CRITERIA & NEW ACCOUNTING CIRCULAR APPLICABLE FROM JULY 1, 2026
The year 2026 marks several important changes for micro-enterprises, especially regarding the accounting regime under Circular No. 58/2026/TT-BTC.
Enterprises should review their accounting practices and compliance requirements as soon as possible to avoid operational errors and legal compliance risks.
Criteria for Identifying Micro-Enterprises
in 2026
According to Decree No. 80/2021/ND-CP, micro-enterprises are identified
based on the following criteria:
| Sector | Average number of employees participating in Social Insurance | Revenue / Capital |
|---|---|---|
|
Agriculture, forestry, fisheries; industry and construction; |
No more than 10 employees |
Total annual revenue or total capital not exceeding 3 billion VND |
| Trade and services | No more than 10 employees |
Annual revenue not exceeding 10 billion VND or total capital not exceeding 3 billion VND |
What’s New in Circular No. 58/2026/TT-BTC?
Effective from July 1, 2026, Circular No. 58/2026/TT-BTC will officially replace Circular No. 132/2018/TT-BTC, introducing several notable changes for micro-enterprises.
📑 Key Highlights Businesses Should Note
- ✅ Micro-enterprises are allowed to appoint family members as accountants and are not required to have a chief accountant.
- ✅ For enterprises paying tax based on a percentage of revenue, the Sales Revenue Register for Goods and Services (Form S1-DNSN) shall be used as the basis for tax determination.
- ✅ Enterprises may design or modify accounting vouchers and accounting books to suit their internal management needs.
- ✅ Enterprises may choose to apply the accounting regime for small and medium-sized enterprises if necessary.
- ✅ If an enterprise no longer satisfies the criteria for a micro-enterprise due to changes in its scale or business conditions, it may continue applying Circular No. 58/2026/TT-BTC until the end of the current fiscal year.
Practical Impacts Enterprises
Should Prepare For
⚠️ Important Note:
Enterprise owners and accounting departments should review the following:
• Revenue Recognition Process
• Internal Documentation System
• Accounting Forms currently in use
• Assignment of personnel in charge of accounting tasks
• Mechanism for Storing Accounting and Tax Records
Early updates will help businesses minimize risks when tax authorities conduct inspections during the policy transition period.
MBA Audit – Your Trusted Business Partner
If your business needs to review its accounting regime, reorganize its accounting records, or seek advice on applying Circular No. 58/2026/TT-BTC, the MBA Audit team is ready to provide professional and in-depth support.
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