Principles of Payment for Regular Expenditure Capital When Executing BTL Contracts

13:25, 11/07/2024

On September 28, 2018, the Ministry of Finance issued Circular 88/2018/TT-BTC, which specifically stipulates the principles of payment of regular expenditure capital when executing a BTL contract.

Accordingly, Circular 88 stipulates that when making payments for recurrent expenditure capital in the implementation of BTL contracts, the following principles must be ensured:

- The payment of recurrent expenditure capital and revenue from public service provision activities to investors implementing projects in the form of BLT contracts and BTL contracts must comply with regulations on the management and use of recurrent expenditure capital, revenue from fees, and public service prices retained by the unit for use.- Payment conditions, payment amount, payment timing, payment deadlines, and payment documentation must be stipulated in the BTL project contract and BLT project contract.- The payment timing for the investor shall commence from the time the service is provided as agreed in the project contract. Payments are made periodically based on the volume and quality of services agreed in the project contract.

See details in Circular 88/2018/TT-BTC, effective from November 12, 2018.

-Thao Uyen-

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