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TO REMIT ALL PROCEEDS FROM THE SALE OF PUBLIC PROPERTY TO THE STATE TREASURY

This is one of the contents of the Circular No. 63/2018/TT-BTC dated July 30, 2018 guiding the Decree 70/2018/ND-CP on the management and use of property formed through implementation of scientific and technological tasks using the State capital.

Specifically, within 03 working days since organizations and individuals paid the purchase, agencies assigned to manage scientific and technological tasks shall remit the total proceeds into an imprest account at the State Treasury which held by the agency assigned to managing public property.

Within 30 days since the proceeds from the sale of the property be remitted into the imprest account, agencies assigned to manage scientific and technological tasks shall be responsible to sum up and appraise the expenses related to the sale of property.

In case of overdue payment, the purchaser must be paid the fine for late payment.

This Circular takes effect on September 15, 2018.

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