On December 28th, 2018, the Ministry of Finance issued Circular No. 136/2018/TT-BTC on amending and supplementing a number of articles of Circular 13/2017/TT-BTC dated February 15th, 2017 on managing cash revenues and expenditures through the State Treasury system.
Accordingly, from the date of April 1, 2019, when the circular takes effect, the collection and spending, the use of cash through the State Treasury system will be managed more closely than the previous time.
Besides, enterprises and economic organizations having accounts at commercial banks will pay the state budget by non-cash payment or by cash at commercial banks for remittance. into the State Treasury account. As a rule, since April 1, 2019, all economic organizations have been established and operated in accordance with the laws of Vietnam including enterprises, cooperatives, cooperative unions and other organizations conducting other business investments will not use cash when performing activities to submit to the State budget.
In addition, cash withdrawals and expenditures of organizations using the state budget are also limited and limited. Under the new rules in effect, units using the state budget will not be allowed to use more than VND 100,000,000 in cash for each transaction.
Thus, with the promulgation of the Circular No. 136/2018 above, the Ministry of Finance responded proactively and positively to the Government’s guidance in improving transparency and efficiency of revenue and expenditure, Using the State Budget, contributing to repress corruption and negative effects.