What is official annulment of 04 Circulars issued by the Minister of Finance related to financial management in diplomacy from December 25, 2023 in Vietnam?

What is official annulment of 04 Circulars issued by the Minister of Finance related to financial management in diplomacy from December 25, 2023 in Vietnam?

On November 8, 2023, the Minister of Finance issued Circular 68/2023/TT-BTC regulating the abolition of 04 Circulars issued by the Minister of Finance related to financial management in diplomacy.

04 Circulars were annulled related to financial management in the field of diplomacy, including:

(1) Circular 42/2011/TT-BTC regulating the financial management regime of the fund to support diplomatic activities serving the economy;

(2) Circular 73/2011/TT-BTC on regulations on financial management of funds to support and mobilize the Vietnamese community abroad;

(3) Circular 31/2015/TT-BTC regulates the preparation of estimates, management, use and settlement of funds supported by the State budget for organizations assigned or authorized by the Ministry of Foreign Affairs to perform tasks of recruitment, introduction and management of Vietnamese workers working for foreign organizations and individuals in Vietnam;

(4) Circular 37/2015/TT-BTC stipulating the preparation of estimates, management, use and finalization of support funds from the State budget to carry out house and land management tasks serving foreign affairs activities of the State in the form of reciprocity and in the form of allocation of houses and land without payment;

Note: Circular 68/2023/TT-BTC takes effect from December 25, 2023.

What is official annulment of 04 Circulars issued by the Minister of Finance related to financial management in diplomacy from December 25, 2023 in Vietnam? (Image from the Internet)

What are regulations on organizational structure of the Ministry of Finance in Vietnam?

Pursuant to Article 3 of Decree 14/2023/ND-CP regulating organizational structure of the Ministry of Finance as follows:

Organizational structure

1. State Budget Department.

2. Investment Department.

3. Department of Defense, Security and Special Finance (Department I).

4. Department of Public Administration and Finance.

5. Department of Finance of banks and financial institutions.

6. Department of International Cooperation.

7. Legal Department.

8. Department of Personnel Organization.

...

Thus, the organizational structure of the Ministry of Finance is prescribed as follows:

(1) Administrative organizations that help the Minister perform state management functions include:

1. State Budget Department.

2. Investment Department.

3. Department of Defense, Security and Special Finance (Department I).

4. Department of Public Administration and Finance.

5. Department of Finance of banks and financial institutions.

6. Department of International Cooperation.

7. Legal Department.

8. Department of Personnel Organization.

9. Inspector.

10. Office.

11. Department of Management, supervises tax, fee and charge policies.

12. Department of Public Asset Management.

13. Department of Debt Management and Foreign Finance.

14. Department of Insurance Management and Supervision.

15. Department of Accounting and Auditing Management and Supervision.

16. Price Management Department.

17. Department of Informatics and Financial Statistics.

18. Department of Corporate Finance.

19. Department of Planning and Finance.

20. General Department of Taxation.

21. General Department of Customs.

22. General Department of State Reserves.

23. State Treasury.

24. State Securities Commission.

(2) Non-business organizations serving state management under the Ministry of Finance

1. Institute of Financial Strategy and Policy.

2. Vietnam Financial Times.

3. Finance Magazine.

4. School of training for financial officers.

What duties and powers does the Ministry of Finance have regarding the management of taxes, fees, charges and other state budget revenues in Vietnam?

Pursuant to Clause 6, Article 2 of Decree 14/2023/ND-CP stipulating tasks and powers of the Ministry of Finance on the management of taxes, fees, charges and other state budget revenues as follows:

- Unified management, direction and inspection of the collection of taxes, fees, charges and other revenues of the state budget in accordance with the provisions of law for tax and customs authorities and other agencies assigned by the state to collect fees, charges or other state budget revenues;

- Preside and coordinate with relevant agencies to develop and submit to competent authorities for promulgation, guide and inspect the implementation of legal documents on taxes, fees, charges and user fees collection, land rental, water surface rental, rental and sale of state-owned housing, registration fees and other revenues of the state budget according to the provisions of law;

- Decide according to authority or submit to the Prime Minister to decide on tax exemption, tax reduction, tax refund, tax arrears, tax debt cancellation, fines and other state budget revenues or abolish other forms of sanctions for violations of tax laws according to the provisions of law and issues arising during the implementation of bilateral or multilateral international tax treaties;

- Issue regulations on procedures and professional processes for collecting and paying taxes, fees, charges and other revenues of the state budget according to the provisions of law;

- Instructions on operations: Tax declaration, tax calculation, tax payment, issuance of tax collection orders and other related operations;

- Inspect and control state budget revenue sources, compliance with legal regulations on state budget collection and remittance and handle violations of laws on taxes and fees according to authority. fees and other state budget revenues according to the provisions of law;

- Evaluate the compatibility of policies on taxes, fees, charges and other state budget revenues with other current mechanisms and policies and the socio-economic situation in each period to make adjustments, supplements according to authority or propose competent authorities to promptly adjust, amend or supplement.

Best regards!