On January 29, 2015, the Ministry of Finance issued the Circular No. 09/2015/TT-BTC dated January 29, 2015 of the Ministry of Finance guiding financial transactions of enterprise prescribed in the Article 6 of the Decree No. 222/2013/ND-CP dated December 31, 2013 of the Government providing for cash payment.
At this Circular, the Ministry of Finance requires that enterprises do not use cash (banknotes and coins issued by the State Bank released) to perform payment transactions as capital contribution and sale, transfer of capital to other businesses. When conducting transactions of capital contribution and sale, transfer of capital to otherenterprises, businesses use payment by check; payment by debit authorizations – transfers and the payment method is not appropriate to use other cash under current regulations.
Similarly, the payment by check; payment by debit authorizations – transfers are also applicable to the enterprises other than credit institutions payments while performing loan transactions, loans and loan each other. Businesses are not credit institutions when making lending transactions, loans and loan mutual asset (other than cash), except for the debts and liabilities transferred.
This Circular takes effect on March 17, 2015.