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Decree regulates sale of confiscated property   2010-02-10 - Viet Nam News

The Ministry of Finance issued Circular No 12/2010/TT-BTC on January 20, providing guidelines on the disposition of money, goods or property confiscated due to administrative violations. Under the new regulation, effective March 6, perishable goods or property that have been confiscated would be sold directly, without the requirement of an auction.

The selling price would be determined based on quality and the most recent price lists published by the provincial or municipal Department of Finance. Funds not returned to their lawful owner or trustee would be paid into the State budget.

Inter-ministerial circular clarifies business, tax registrations

The Ministry of Planning and Investment, the Ministry of Finance, and the Ministry of Public Security jointly issued Circular No 05/2008/TTLT/BKH-BTC-BCA on July 29, 2008, establishing lines of authority for business registration, tax administration and police regarding enterprises established and operating pursuant to the Law on Enterprises. Under the circular, business registration authorities would be responsible for issuing enterprise codes to enterprises applying for a business registration certificate, and the business registration certificate would be issued concurrently with the tax registration certificate.



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