Circular No. 77/2006/TT-BTC guiding amendments to certain points in Circular No. 121/1999/TT-BTC dated October 12, 1999 of the Ministry of Finance on financial regulations for the Civil Aviation Air Traffic Management Center of Vietnam.

CIRCULAR

Amending certain points in Circular No. 121/1999/TT-BTC dated October 12, 1999 of the Ministry of Finance guiding financial regulations for the Civil Aviation Air Traffic Management Center of Vietnam October 12, 1999 Civil Aviation Air Traffic Management Center of Vietnam

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Pursuant to Decree No. 77/2003/NĐ-CP dated July 1, 2003 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;

Pursuant to Decree No. 57/2002/NĐ-CP dated June 3, 2002 of the Government detailing the implementation of the Law on Fees and Charges, and Decree No. 24/2006/NĐ-CP dated March 6, 2006 of the Government amending and supplementing certain articles of Decree No. 57/2002/NĐ-CP;

Pursuant to Decree No. 60/2003/NĐ-CP dated June 6, 2003 of the Government detailing and guiding the implementation of the State Budget Law;

Considering the situation of production, business, and finance of the Civil Aviation Air Traffic Management Center of Vietnam,

The Ministry of Finance hereby guides the amendment of certain points in Circular No. 121/1999/TT-BTC dated October 12, 1999 of the Ministry of Finance (hereinafter referred to as Circular No. 121/1999/TT-BTC) as follows:

Clause 2 on revenue from public service activities shall be amended as follows:

- Deduct 25% of the revenue from air traffic control fees for overflying airspace and flight information regions.

- Revenue from air traffic services for aircraft operating within and outside Vietnam to and from Vietnamese airports.

- Revenue from other services.

Clause 4 on the payment of fees into the State budget shall be amended as follows:

The remaining revenue from air traffic control fees for overflying airspace (75%) shall be remitted to the State budget by the Civil Aviation Air Traffic Management Center of Vietnam. The collection and payment procedures shall be carried out according to current regulations.

This Circular takes effect 15 days after its publication in the Official Gazette. All previous provisions contrary to this Circular are abolished.

In the course of implementation, any difficulties should be reported to the Ministry of Finance for study and appropriate amendments and supplements./.