THE MINISTRY OF FINANCE
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SOCIALIST REPUBLIC OF VIET NAM
Independence - Freedom – Happiness
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No. 120/2004/TT-BTC
Hanoi, December 15, 2004
 CIRCULAR
GUIDING THE IMPLEMENTATION OF A NUMBER OF ARTICLES OF THE GOVERNMENT’S DECREE NO. 185/2004/ND-CP OF NOVEMBER 4, 2004, ON SANCTIONING OF ADMINISTRATIVE VIOLATIONS IN THE FIELD OF ACCOUNTING
Pursuant to the June 17, 2003 Law on Accounting;
Pursuant to Ordinance No. 44/2002/PL-UBTVQH10 of July 2, 2002, on Handling of Administrative Violations and the Government’s Decree No. 134/2003/ND-CP of November 14, 2003, detailing and guiding the implementation of a number of articles of Ordinance No. 44/2002/PL-UBTVQH10 of July 2, 2002, on Handling of Administrative Violations;
Pursuant to the Government’s Decree No. 185/2004/ND-CP of November 4, 2004, on sanctioning of administrative violations in the field of accounting;
Pursuant to the Government’s Decree No. 77/2003/ND-CP of July 1, 2003, defining the functions, tasks, powers and organizational structure of the Ministry of Finance;
The Ministry of Finance hereby guides the implementation of a number of articles of the Government’s Decree No. 185/2004/ND-CP of November 4, 2004, on sanctioning of administrative violations in the field of accounting, as follows:
I. GENERAL PROVISIONS
1. Scope and subjects of application
1.1. The scope and subjects of application of this Circular shall be domestic and foreign individuals, agencies and organizations (hereinafter referred to as individuals, organizations for short) operating in Vietnam, that commit acts of intentionally or unintentionally violating the existing legislation on accounting, which are not crimes as provided for in the Government’s Decree No. 185/2004/ND-CP of November 4, 2004, on sanctioning of administrative violations in the field of accounting (hereinafter referred to as Decree No. 185/2004/ND-CP for short).
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