Aligning accounting standards and tax law in Vietnam: The current landscape and policy directions

This study examines the current level of alignment between Vietnamese Accounting Standards (VAS) and existing tax regulations, with particular attention to inconsistencies in the principles governing the recognition and measurement of revenue and expenses. The analysis demonstrates that these divergences contribute to higher compliance costs for enterprises and undermine the reliability and usefulness of financial reporting information. By systematically assessing the interaction between accounting standards and tax rules, the study provides an in-depth evaluation of structural gaps in Vietnam’s regulatory framework and their implications for business practices and financial transparency in the new era of development.