Proposal to increase the value of assets that must be declared from 50 million to 150 million

(Chinhphu.vn) - The draft Law amending and supplementing a number of articles of the Law on Anti-Corruption proposes to increase the value of assets that must be declared from 50 million to 150 million; and increase the value of assets and income that must be additionally declared when there is a fluctuation in the year from 300 million to 1 billion VND.

Government Inspector General Doan Hong Phong presents the Draft Law Proposal

On the morning of November 4, the National Assembly listened to the presentation of the Proposal and Report on the examination of the draft Law amending and supplementing a number of articles of the Law on Anti-Corruption.

Presenting the Draft Law on amending and supplementing a number of articles of the Law on Anti-Corruption, Government Inspector General Doan Hong Phong said that the draft Law amends and completes 17/96 articles of the 2018 Law on Anti-Corruption.

Notably: The Draft Law stipulates an increase in the value of assets that must be declared from 50 million to 150 million; an increase in the value of assets and income that must be declared additionally when there is a fluctuation during the year from 300 million to 1 billion VND.

This regulation is to be consistent with the current socio-economic conditions and prices that have increased significantly compared to 2018. At the same time, the Government is assigned to provide detailed regulations on the verification of assets and income for randomly selected people who are required to make annual declarations.

Regarding the value of assets and income to monitor developments and verify assets and income, the draft Law amending and supplementing the provisions increases the value of assets and income when declaring changes during the year from 300 million VND to 1 billion VND.

The draft Law also amends and completes regulations on the authority to inspect corruption cases of inspection agencies to be consistent with the organization of the inspection agency apparatus after the reorganization. Amends and completes regulations on handling complaints and denunciations about corruption to ensure the effective reception, classification and handling of complaints and denunciations about corruption...

Chairman of the Committee on Law and Justice Hoang Thanh Tung presented the report on the review of the Law project.

Presenting the Report on the review of the Law project, Chairman of the Law and Justice Committee Hoang Thanh Tung said that the Committee basically agreed to adjust the increase in the declaration level of asset value and income from 50 million to 150 million VND for precious metals, gemstones, money, valuable papers and other assets at Point b, Clause 1, Article 35 and increase the level of fluctuation in the year that must be declared.

According to the auditing agency, this regulation is consistent with the socio-economic situation, accurately reflects current price and income fluctuations, and ensures centralized management and control of the declaration of assets and income of high value. In addition, there are opinions suggesting not to rigidly stipulate the monetary levels in the Law but to assign the Government to specify specific regulations for flexible adjustment in each period.

In addition, the draft Law expands the scope of subjects obliged to declare assets and income to enterprises in which the State holds more than 50% of charter capital or total voting shares.

The majority of opinions in the Committee agreed on the expansion to improve the effectiveness of anti-corruption work in state-owned enterprises, avoiding leaving out a group of subjects assigned by the State to participate in, manage and operate enterprises, capital, and state assets but not having the obligation to declare assets and income; at the same time, it is consistent with the trend of equitization of state-owned enterprises.

However, it is recommended that the Government provide specific guidance on asset and income declaration for cases where the person required to declare is a foreigner (if any) working at state-owned enterprises (or exclude them).

Some opinions suggest careful consideration, because expanding the scope of subjects obligated to declare assets and income in state-owned enterprises may cause concern for investors, and make it difficult to control the assets of foreigners and declarants in the non-state sector.

Thu Giang

Source: https://baochinhphu.vn/de-xuat-nang-muc-gia-tri-tai-san-phai-ke-khai-tu-50-trieu-len-150-trieu-102251104134359193.htm