On April 7th 2021, Ministry of Finance issued the Circular No. 28/2021/TT-BTC regarding price appraisal standard No.12
On April 7th 2021, Ministry of Finance issued the Circular No. 28/2021/TT-BTC regarding price appraisal standard No.12.
According to the Circular, instructions for valuation of public service units transformed into joint stock companies as follows:
When applying the asset-based approach under Article 23 in the Decree No. 150/2020/ND-CP dated December 25, 2020, brand value of public service units are valued according to the approach of valuation of unvaluable intangible assets specified in Part II (subparagraph a of paragraph 5.5 of section 5) of the price appraisal standard No. 12.
This is an approach for estimation of total intangible assets in a target company through estimation of value of each valuable or unvaluable intangible asset (residual intangible assets).
Indicators for income of a public service unit are determined according to laws on financial autonomy mechanism of a public service unit.
Circular No. 28/2021/TT-BTC is entering into force as of July 1, 2021, replacing the Circular No.122/2017/TT-BTC dated November 15, 2017.