Circular No. 14/TC-TTTN guides additional provisions of the Joint Circular of the Ministry of Finance and the State Bank No. 12/TTLB of 1992 on the settlement of total debts in Phase II. It specifies the detailed procedures for recording losses from production and business operations due to receivables that cannot be collected due to objective reasons.
适用范围
State-owned enterprises currently operating, Provincial Debt Settlement Committees, and Central Ministries and Agencies.
要点
- State-owned enterprises shall record such receivables that cannot be collected due to objective reasons as losses from production and business operations, according to the decision of the Chairman of the People's Committee of the province (if it is local economy) or the Minister or Head of Central Ministries and Agencies (if it is central economy).
- Provincial Debt Settlement Committees at all levels shall be responsible for handling debt settlements by classifying the causes of overdue debts according to Decision No. 277/CT and Directive No. 235/TTg of the Prime Minister.
- The financial authorities at the same level shall approve the final accounts recording the losses, which can be deducted from the profit realized in the planned year and the following year.
- The Central Steering Committee for Total Debt Settlement shall guide the implementation of these regulations and conduct inspections and re-inspections as prescribed.
🌐 本文件的社会影响
- Positive impact: Reducing the financial burden on state-owned enterprises through the recording of losses from production and business operations.
- Negative impact: Increasing the time and effort required by debt settlement agencies in processing, inspecting, and re-inspecting.
❓ 常见问题
When are state-owned enterprises allowed to record losses from production and business operations?
State-owned enterprises are allowed to record losses from production and business operations if receivables cannot be collected due to objective reasons, according to the decision of the Chairman of the People's Committee of the province (if it is local economy) or the Minister or Head of Central Ministries and Agencies (if it is central economy).
What responsibilities do Provincial Debt Settlement Committees have?
Provincial Debt Settlement Committees and Central Ministries and Agencies are responsible for handling debt settlements by classifying the causes of overdue debts according to Decision No. 277/CT and Directive No. 235/TTg of the Prime Minister.
What does the financial authority at the same level do?
The financial authority at the same level approves the final accounts recording the losses, which can be deducted from the profit realized in the planned year and the following year.
What responsibilities does the Central Steering Committee for Total Debt Settlement have?
The Central Steering Committee for Total Debt Settlement guides the implementation of these regulations, conducts inspections, and re-inspections as prescribed by the leadership of the Central Steering Committee for Total Debt Settlement.
To which state-owned enterprises does this circular apply?
This circular applies to state-owned enterprises currently operating, including both local and central economies.
全文
| MINISTRY OF FINANCE | SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness |
| NUMBER: 14TC/TTTN | HA NOI, FEBRUARY 18, 1995 |
CIRCULAR
OF THE MINISTRY OF FINANCE NUMBER 14 TC/TTTN DATED FEBRUARY 18, 1995 GUIDING THE SUPPLEMENT TO THE JOINT CIRCULAR OF THE MINISTRY OF FINANCE AND THE STATE BANK NO. 12/TTLB DATED AUGUST 21, 1992
IN ORDER TO RESOLVE THE DIFFICULTIES IN SETTLEMENT OF TOTAL DEBT PAYMENTS PHASE II, AT THE REQUEST OF THE DEBT SETTLEMENT COMMITTEES AT ALL LEVELS, AFTER CONSULTATION BETWEEN THE MINISTRY OF FINANCE AND THE STATE BANK OF VIETNAM, THIS DECISION ADDRESSES SOME POINTS IN THE JOINT CIRCULAR OF THE MINISTRY OF FINANCE AND THE STATE BANK NO. 12/TTLB DATED AUGUST 21, 1992 ON GUIDELINES FOR THE FINANCIAL REGIME RELATED TO OVERDUE DEBTS.
1. POINT b, SECTION III CLASSIFICATION OF OBJECTIVE CAUSES STATED THAT "IF THE REVENUE IS INSUFFICIENT TO COVER THE DEBT, THE STATE ENTERPRISE IS PERMITTED TO RECORD IT AS A LOSS IN BUSINESS OPERATIONS ACCORDING TO THE DECISION OF THE NATIONAL DEBT SETTLEMENT COMMITTEE ANNOUNCED."
NOW IT IS REPLACED BY "IF THE AMOUNT OF DEBT RESULTING FROM THE DIFFERENCE BETWEEN RECEIVABLES NOT COLLECTED DUE TO OBJECTIVE REASONS BELONGS TO THE STATE ENTERPRISE STILL OPERATING, IT IS PERMITTED TO BE RECORDED AS A LOSS IN BUSINESS OPERATIONS ACCORDING TO THE DECISION OF THE PROVINCE PEOPLE'S COMMITTEE CHAIRMAN (IF LOCAL ECONOMY) OR THE MINISTER, HEAD OF CENTRAL SECTOR (IF CENTRAL ECONOMY). THE DEBTS WHERE THE DEBTOR IS ANOTHER PROVINCE, MINISTRY, OR SECTOR, THE DEBT SETTLEMENT COMMITTEE OF THE DEBTOR APPROVES THE NON-PAYMENT OF DEBTS DUE TO OBJECTIVE REASONS AND NOTICES THE DEBT SETTLEMENT COMMITTEE OF THE CREDITOR SO THAT THE PROVINCE PEOPLE'S COMMITTEE, MINISTER, OR HEAD OF SECTOR OF THE CREDITOR ISSUES A DECISION FOR THE ENTERPRISE TO RECORD THE LOSS IN BUSINESS OPERATIONS. THE SAME LEVEL FINANCIAL AUTHORITY IMPLEMENTS THE APPROVAL OF THE FINAL ACCOUNTS RECORDING THE LOSS, WHICH CAN BE SUBTRACTED FROM THE PROFIT OF THE PLANNED YEAR AND THE FOLLOWING YEAR.
2. IMPLEMENTATION ORGANIZATION:
ENFORCE DECISION NO. 277/CT DATED JULY 29, 1992 AND DIRECTIVE NO. 235/TTg DATED MAY 11, 1994 OF THE PRIME MINISTER, THE DEBT SETTLEMENT COMMITTEES AT THE PROVINCIAL, MINISTERIAL, AND SECTORAL LEVELS ARE RESPONSIBLE FOR HANDLING THE SETTLEMENT OF CLASSIFICATION OF CAUSES OF OVERDUE DEBTS.
THE NATIONAL DEBT SETTLEMENT COMMITTEE AND THE MEMBER ORGANIZATIONS OF THE COMMITTEE GUIDE THE IMPLEMENTATION OF THE UNITS, CONDUCT INSPECTION AND REVIEW AS PROVIDED BY THE LEADERSHIP OF THE NATIONAL DEBT SETTLEMENT COMMITTEE.
THIS CIRCULAR COMPLEMENTS THE JOINT CIRCULAR NO. 12/TTLB DATED AUGUST 21, 1992 OF THE MINISTRY OF FINANCE AND THE STATE BANK OF VIETNAM.
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Hồ Tế (Signed) |
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