Extension of Subjects and Scope of Adjustment of Judgment Enforcement Accounting Operations

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:

Expanding the subjects and scope of adjustment of civil execution accounting business (illustration)

Scope of Adjustment

The Circular stipulates accounting documents, accounting accounts, accounting books, financial statements, civil execution business reports, and other related contents applicable to the units specified in Article 2 of this Circular for accounting arising transactions related to civil execution, 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 execution agencies and other activities assigned to civil execution accounting to perform as regulated.

Subjects of Application include:

- General Department of Civil Execution under the Ministry of Justice;- Provincial, city-level General Civil Execution Departments (hereinafter referred to as Provincial Civil Execution Departments);- District, town-level branches of Civil Execution Departments (hereinafter referred to as District Civil Execution Departments);- Other organizations and individuals related to civil execution accounting.

Thus, the subjects of application of Circular 78/2020/TT-BTC additionally include other organizations and individuals related to civil execution 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, effective from October 01, 2020.

Long Binh

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE