Extension of subjects and scope of adjustment of accounting operations of civil judgment enforcement in Vietnam

In contrast to the general regulations regarding the subjects of application and scope of adjustment as found in Circular 91/2010/TT-BTC, the Ministry of Finance has divided these two contents into two provisions in Circular 78/2020/TT-BTC as follows:

Extension of subjects and scope of adjustment of accounting operations of civil judgment enforcement in Vietnam (illustration)

Scope of Adjustment

The Circular stipulates accounting documents, accounting accounts, accounting books, financial statements, Civil Judgment enforcement business reports, and other related contents applicable to the units specified in Article 2 of this Circular for accounting arising transactions related to Civil Judgment enforcement, including:

- Money, assets arising in the process of execution according to each execution decision;

- The management situation of money, assets, and exhibits;

- The internal and external payment situation of Civil Judgment enforcement agencies and other activities assigned to Civil Judgment enforcement accounting to perform as regulated.

Subjects of Application include:

- General Department of Civil Judgment enforcement under the Ministry of Justice;

- Provincial, city-level General Civil Judgment enforcement Departments (hereinafter referred to as Provincial Civil Judgment enforcement Departments);

- District, town-level branches of Civil Judgment enforcement Departments (hereinafter referred to as District Civil Judgment enforcement Departments);

- Other organizations and individuals related to Civil Judgment enforcement accounting.

Thus, the subjects of application of Circular 78/2020/TT-BTC additionally include other organizations and individuals related to Civil Judgment enforcement accounting business. Furthermore, the scope of adjustment of the Circular is specified in greater detail compared to Circular 91/2010/TT-BTC which remains in effect.

More details can be found in Circular 78/2020/TT-BTC, which comes into effect in Vietnam from October 01, 2020.

Long Binh

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