Circular No. 37/2021/TT-BTC abolishes Circular No. 179/2012/TT-BTC of the Ministry of Finance on the regulations concerning the recognition, evaluation, and handling of foreign exchange rate differences in enterprises. This document takes effect from July 11, 2021.
Scope of application
Units under the Ministry of Finance, agencies, organizations, and related individuals
Key points
- Abolish entirely Circular No. 179/2012/TT-BTC (Article 1)
- This Circular takes effect from July 11, 2021 (Article 2)
- Agencies, organizations, and related individuals must implement the abolition of Circular No. 179/2012/TT-BTC as prescribed (Article 2)
🌐 Social impact of this document
- Enterprises no longer apply previous regulations on the recognition, evaluation, and handling of foreign exchange rate differences
- Relevant state management agencies must implement the abolition of Circular No. 179/2012/TT-BTC as prescribed
❓ Frequently asked questions
When does Circular No. 37/2021/TT-BTC take effect?
This Circular takes effect from July 11, 2021.
Are previous regulations on the recognition, evaluation, and handling of foreign exchange rate differences in enterprises still applicable?
No, Circular No. 37/2021/TT-BTC has abolished all of Circular No. 179/2012/TT-BTC.
Who must implement the abolition of Circular No. 179/2012/TT-BTC?
Agencies, organizations, and related individuals must implement the abolition of Circular No. 179/2012/TT-BTC as prescribed.
Full text
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIET NAM |
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NUMBER: 37/2021/TT-BTC |
HA NOI, May 27, 2021 |
CIRCULAR
REPEALS Circular No. 179/2012/TT-BTC dated October 24, 2012 of the Minister of Finance on recording, evaluating, and handling foreign exchange rate differences in enterprises
On the basis of Law on Enacting Legal Regulatory Documents dated June 22, 2015;
On the basis of Law Amending and Supplementing Several Provisions of the Law on Legal Documents dated June 18, 2020;
Decree No. Decision No. 34/2016/NĐ-CP dated May 14, 2016 of the Government detailing certain provisions and implementing measures of the Law on Legislative Issuance of Legal Normative Documents;
Decree No. Decision No. 154/2020/NĐ-CP December 31, 2020 amending and supplementing certain provisions of Decree No. Decision No. 34/2016/NĐ-CP dated May 14, 2016 of the Government detailing certain provisions and implementing measures of the Law on Legislative Issuance of Legal Normative Documents;
Decree No. 87/2017/NĐ-CP July 26, 2017 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
The Minister of Finance hereby issues this Circular amending and supplementing certain Articles of Circular No. 133/2015/TT-BTC dated August 31, 2015, issued by the Minister of Finance guiding the financial management mechanism for the Vietnam Chamber of Commerce and Industry (hereinafter referred to as Circular No. 133/2015/TT-BTC).
The Minister of Finance issues this Circular to abolish Circular No. 179/2012/TT-BTC dated October 24, 2012 of the Minister of Finance on recording, evaluating, and handling foreign exchange rate differences in enterprises as follows:
Article 1. REPEALS entirely Circular No. 179/2012/TT-BTC dated October 24, 2012 of the Minister of Finance on recording, evaluating, and handling foreign exchange rate differences in enterprises.
Article 2. Effective Date
1. This Circular takes effect from July 11, 2021.
2. The Director of the Department of Enterprise Finance, Heads of units under the Ministry of Finance, and relevant agencies, organizations, and individuals are responsible for implementing this Circular./.
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Place of Receipt: |
DEPUTY MINISTER |
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