On July 08, 2021, the Ministry of Finance issues the Circular No. 55/2021/TT-BTC providing guidance on the management, allocation, advance payment of expenses for coercion of judgment execution against commercial legal persons.
Specifically, expenses for coercion of judgment execution shall be carried out based on the contracts, contract liquidation, records of handover of distrained assets (for expense for hiring safekeeping or preservation of distrained assets), actual, lawful, and valid invoices, and documents according to current regulations as approved by the coercion decision issuers.
Besides, support provided for those who are directly mobilized to participate in coercion and coercion protection are prescribed as follows: A person in charge of executing coercion decisions who works for a coercion decision execution agency shall be entitled to a support of VND 150,000/day of participating in the coercion; a person who is mobilized to execute coercion decisions shall be entitled to a support of VND 100,000/day of participating in the coercion.
Before organizing the coercion, the agency issuing coercion decisions shall approve cost estimates for coercion. Cost estimates for coercion shall be made on the basis of the coercive measure to be taken, time and location of coercion, plans to conduct the coercion, and the participating forces (number and participants) serving the coercion.
This Circular takes effect on August 25, 2021.