Regulations on Accounting and Settlement of Industrial Promotion Funds

12:54, 11/07/2024

Circular 28/2018/TT-BTC has been issued by the Ministry of Finance to guide the establishment, management, and use of industrial promotion funds. Circular 28 replaces the Joint Circular 26/2014/TTLT-BTC-BCT.

According to the new regulations, the accounting and settlement of industrial promotion funds are guided by Circular 28 as follows:

- Units directly using industrial promotion funds are responsible for accounting and settling funds used for the implementation of programs and industrial promotion tasks under section 280, item 309 "industrial promotion activities".- For programs and industrial promotion tasks performed by a unit through a contract with the presiding agency, the documents serving as payment and settlement basis should be retained at the presiding agency.- Units directly using industrial promotion funds must settle the annual used funds with the Ministry of Industry and Trade (national industrial promotion funds) and with the Department of Industry and Trade (provincial-level industrial promotion funds).- The assignment of tasks for managing and implementing local industrial promotion funds at the district and commune levels is regulated by the Provincial People's Committee.

See additional related regulations in Circular 28/2018/TT-BTC, effective from May 11, 2018.

- Thanh Lam -

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