Circular No. 76/2020/TT-BTC amends and supplements provisions on the method for calculating the base price; the mechanism for forming, managing, using the Price Stabilization Fund, and managing oil prices. This document also stipulates the manner of submitting specialized audit reports and other reports related to oil business activities.
Scope of application
Oil traders, valuation enterprises, branches of valuation enterprises, organizations related to valuation activities, and units related to the Son La Hydropower Project.
Key points
- Oil traders must submit specialized audit reports on oil trading costs through one of three methods: directly, postal service, or fax/electronic mail (Point e Clause 1 Article 5).
- Oil traders must submit reports on the Price Stabilization Fund and transaction statements related to the fund account through one of three methods: directly, postal service, or fax/electronic mail (Point d Clause 6 Article 8).
- Valuation enterprises must submit periodic and ad hoc reports on valuation activities through one of three methods: directly, postal service, or fax/electronic mail (Clause 3 Article 8 Circular No. 38/2014/TT-BTC).
- Units related to the Son La Hydropower Project must submit reports on management, payment, and settlement of investment capital through one of three methods: directly, postal service, or fax/electronic mail (Clause 2 Section VI Circular No. 138/2007/TT-BTC).
- Oil traders and valuation enterprises are responsible for the accuracy and honesty of the reports submitted to the regulatory authority.
🌐 Social impact of this document
- Strengthen inspection and supervision of oil business activities and valuation.
- Minimize risks concerning the accuracy and honesty of reports related to oil business activities and valuation.
- Facilitate report submission through various methods, saving time and costs.
❓ Frequently asked questions
How must oil traders submit specialized audit reports on oil trading costs?
Through one of three methods: directly, postal service, or fax/electronic mail (address [email protected]).
How must oil traders submit reports on the Price Stabilization Fund?
Through one of three methods: directly, postal service, or fax/electronic mail (address [email protected]).
How must valuation enterprises submit periodic and ad hoc reports?
Through one of three methods: directly, postal service, or fax/electronic mail (address [email protected]).
How must units related to the Son La Hydropower Project submit reports on management, payment, and settlement of investment capital?
Through one of three methods: directly, postal service, or fax/electronic mail (address [email protected]).
What responsibilities do oil traders and valuation enterprises have regarding the reports they submit?
They are responsible for the accuracy and honesty of the reports.
Full text
CIRCULAR
Amending and supplementing certain Articles of Circular Joint Circular No. 39/2014/TTLT-BCT-BTC dated October 29, 2014 of the Ministry of Industry and Trade and the Ministry of Finance on the method for calculating base price; mechanism for forming, managing, and using the Price Stabilization Fund and managing gasoline prices as prescribed in Decree No. 83/2014/NĐ-CP dated September 3, 2014 of the Government on trading in gasoline; Circular No. 38/2014/TT-BTC dated March 28, 2014 of the Ministry of Finance guiding certain provisions of Decree No. 89/2013/NĐ-CP dated August 6, 2013 of the Government detailing the implementation of certain provisions of the Law on Prices regarding valuation; Circular No. 138/2007/TT-BTC dated November 29, 2007 of the Ministry of Finance guiding management, payment, and settlement of investment capital for compensation, support, and resettlement for the Son La Hydropower Project.
On the basis of Decree No. 83/2014/NĐ-CP dated September 3, 2014 of the Government on trading in gasoline;
On the basis of Decree No. 89/2013/NĐ-CP dated August 6, 2013 of the Government detailing the implementation of certain provisions of the Law on Prices regarding valuation;
On the basis of Decree No. 87/2017/NĐ-CP dated July 26, 2017 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
Pursuant to the proposal of the Director of the Price Management Department and the Head of the Investment Department;
The Minister of Finance issues this Circular amending and supplementing certain Articles of Joint Circular No. 39/2014/TTLT-BCT-BTC dated October 29, 2014 of the Ministry of Industry and Trade and the Ministry of Finance stipulating the method for calculating base price; mechanism for forming, managing, and using the Price Stabilization Fund and managing gasoline prices as prescribed in Decree No. 83/2014/NĐ-CP dated September 3, 2014 of the Government on trading in gasoline; Circular No. 38/2014/TT-BTC dated March 28, 2014 of the Ministry of Finance guiding certain provisions of Decree No. 89/2013/NĐ-CP dated August 6, 2013 of the Government detailing the implementation of certain provisions of the Law on Prices regarding valuation; Circular No. 138/2007/TT-BTC dated November 29, 2007 of the Ministry of Finance guiding management, payment, and settlement of investment capital for compensation, support, and resettlement for the Son La Hydropower Project.
Article 1. Supplementing certain Articles of Joint Circular No. 39/2014/TTLT-BCT-BTC dated October 29, 2014 of the Ministry of Industry and Trade and the Ministry of Finance stipulating the method for calculating base price; mechanism for forming, managing, and using the Price Stabilization Fund and managing gasoline prices as prescribed in Decree No. 83/2014/NĐ-CP dated September 3, 2014 of the Government on trading in gasoline.
Supplementing Point e Clause 1 Article 5 as follows:
"e) Special audit reports on business costs of gasoline, costs of bringing gasoline from abroad to Vietnam, costs of blending E5, E10 gasoline, ad hoc reports, and periodic reports as prescribed in Article 4 and Article 5 of this Circular shall be submitted through one of the following methods:
- Submitting directly at the office of the receiving agency;
- Sending via postal service;
Pursuant to the Price Law number 11/2012/QH13 dated June 20, 2012;
Pursuant to Decree No. 09/2019/NĐ-CP dated January 24, 2019 of the Government stipulating the reporting system of administrative agencies;
- Sending via fax or email to the address [email protected] (scanned copy)."
2. Supplementing Point d Clause 6 Article 8 as follows:
"d) Reports on the Price Stabilization Fund, statements of transactions related to the account for the Price Stabilization Fund of key traders shall be sent to the Ministry of Finance (Price Management Department) and the Ministry of Industry and Trade (Domestic Market Department) through one of the following methods:
- Sending via postal service;
- Sending via fax or email to the address [email protected] (scanned copy)."
Article 1. Supplement some articles of Circular Joint Circular No. 39/2014/TTLT-BCT-BTC dated October 29, 2014 of the Ministry of Industry and Trade and the Ministry of Finance on the method for calculating base price; mechanism for forming, managing, using the Price Stabilization Fund and controlling gasoline prices as prescribed in Decree No. 83/2014/NĐ-CP dated September 3, 2014 of the Government on trading in petroleum products.
1. Supplement Point e Clause 1 Article 5 as follows:
"e) Special audit reports on business costs of petroleum products, costs of bringing petroleum products from abroad to Vietnam, costs of blending E5, E10 gasoline, ad hoc reports and periodic reports as prescribed in Articles 4 and 5 of this Circular shall be submitted through one of the following methods:
- Submitting directly at the Office of the receiving agency;
- Sending via postal service;
- Sending via Fax or email to the address [email protected] (scanned copy)."
2. Supplement Point d Clause 6 Article 8 as follows:
"d) Reports on the Price Stabilization Fund, statements of transactions related to the account of the Price Stabilization Fund of principal traders shall be submitted to the Ministry of Finance (Price Management Department) and the Ministry of Industry and Trade (Domestic Market Department) through one of the following methods:
- Submitting directly at the Office of the receiving agency;
- Sending via postal service;
- Sending via Fax or email to the address [email protected] (scanned copy)."
Amend and supplement Clause 3 of Article 8 as follows:
"3. The periodic and extraordinary reports prescribed in Clause 1 and Clause 2 of this Article shall be sent to the Ministry of Finance (Price Management Department) through one of the following methods:
- Submitting directly at the Office of the receiving agency;
- Sending via postal service;
- Sending via fax or email to the address [email protected] (scanned copy).
The valuation appraisal enterprise, the branch of the valuation appraisal enterprise, and the professional organization on valuation appraisal shall be responsible for the accuracy and honesty of the reports."
Article 3. Supplement Circular No. 138/2007/TT-BTC dated November 29, 2007, of the Ministry of Finance guiding management, payment, and settlement of capital investment for compensation, support, and resettlement of the Son La Hydropower Project.
Supplement Item 3 of Clause 2 of Section VI as follows:
"- These reports shall be sent through one of the following methods:
+ Submitting directly at the office of the receiving agency;
+ Sending through postal service;
+ Sending via fax or email to the address [email protected] (scanned copy)."
Article 4. Implementation provisions
This Circular takes effect from September 30, 2020./.
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DEPUTY MINISTER DEPUTY MINISTER (Signed) Ta Anh Tuan |
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