Survey Prices and Information Related to Assets for Valuation from June 01, 2020

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The survey on prices, actual condition survey, and the collection of information related to the assets to be valued are conducted in accordance with the provisions of Clause 2, Article 16 of Decree 30/2018/ND-CP and Clause 4, Article 8 of Circular 30/2020/TT-BTC.

In the case of conducting a market price survey according to the wholesale or retail price of the asset to be valued or a similar asset according to the provisions at Point a, Clause 2, Article 16 of Decree 30/2018/ND-CP, it is carried out as follows:

- Depending on the characteristics and market circulation conditions of each type of asset, the Valuation Council or the Supporting Team (if any) conducts direct market price surveys; on electronic information pages provided by agencies, organizations, and businesses that produce and trade the assets to be valued via the Internet according to legal regulations.

For prohibited assets, when the Valuation Council chooses the form of market price survey in the unofficial market (if any), the Valuation Council conducts a survey at the place where the prohibited asset is requested for valuation or another location where the prohibited asset transaction occurs. In case of extracting information from electronic information pages in the local area and worldwide, the price of prohibited goods is determined according to the provisions at Point b, Clause 3, Article 8 of this Circular.

- The collection of price levels is carried out using Price Survey Forms. The Price Survey Form is prepared by a member of the Valuation Council or assigned to a member of the Supporting Team (if any) and must contain the main contents as follows:- Name of the surveyed asset, basic economic and technical characteristics of the surveyed asset;- Type of asset: Common goods; prohibited goods; ...- Survey location (commune/ward, district, province); survey subjects;- Time and method of conducting the survey (direct survey/online survey, phone call, ...);- Survey results: surveyed prices (wholesale price, retail price...), delivery conditions, promotions, discounts... (if any); price unit (dong/kg, dong/unit...); type of price (bid price, sale price, listed price, price on contracts, invoices...)...- Full name and signature of the surveyor;- Limitations, difficulties, obstacles (if any).

- The collected price levels can be wholesale prices or retail prices or both wholesale and retail prices of the asset to be valued or similar assets.

- The survey is conducted as follows:- Developing the survey content- Conducting the price survey, collecting price levels of the asset- Based on the collected information, summarizing the collected data, and reporting to the Valuation Council.

Then, the survey results, and information collection related to the assets to be valued are used by the Valuation Council to determine the valuation method in accordance with the provisions in Article 17 Decree 30/2018/ND-CP.

More details can be found in: Circular 30/2020/TT-BTC effective from June 1, 2020.

Thu Ba

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