Guidelines for Determining the Basis for Asset Valuation in Criminal Proceedings

15:31, 10/07/2024

The Ministry of Finance has recently promulgated Circular 30/2020/TT-BTC guiding several provisions of Decree 30/2018/ND-CP detailing the establishment and operation of the Asset Valuation Council; the order and procedures for asset valuation in criminal proceedings and Decree 97/2019/ND-CP amending and supplementing several provisions of Decree 30/2018/ND-CP.

Based on the asset valuation regulations stipulated in Clause 1, Article 15 of Decree 30/2018/ND-CP, the asset valuation is determined as follows:

- The market price of the appraised asset is the common transaction price on the market of the type of asset to be appraised or a similar asset to the one to be appraised at the time and location of the appraisal;- The price prescribed or decided by competent state agencies is the price stipulated or decided by competent state agencies in effect at the time when the appraisal is requested;- The price in legal documents and records concerning that type of asset provided by competent authorities or the requesting appraisal authority;- …

For more details, see Circular 30/2020/TT-BTC effective from June 1, 2020.

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