VI Decree 164/2026/ND-CP stipulates that asset and income verification is an inspection activity by the supervisory agency to determine the accuracy of the declaration, with an annual verification plan guided by the Government Inspectorate from July 1, 2026. Let’s explore more with Pham Consult!
What is asset and income verification according to the latest Decree 164 from July 1, 2026?
Asset and income verification is an activity carried out by the Asset and Income Control Agency according to the procedures prescribed by law, aiming to check, compare, and clarify the content of asset and income declarations. Based on this, the competent authority reviews, evaluates, and concludes on the truthfulness, completeness, and clarity of the declarations, and simultaneously verifies the truthfulness of explanations regarding changes in assets and income, the origin of increased assets and income, and the reasons for decreased assets and income, serving the purpose of asset and income control and anti-corruption efforts.
The legal basis stipulated in Clause 5, Article 3 of Decree 164/2026/ND-CP provides a detailed definition of asset and income verification from July 1, 2026, as follows:
In this Decree, the following terms are understood as follows:
- Asset and income verification is the examination and clarification of the declared content and the review, evaluation, and conclusion of the Asset and Income Control Agency according to the procedures stipulated in the Law on Prevention and Combat of Corruption and this Decree regarding the truthfulness, completeness, and clarity of the declaration and the truthfulness in explaining changes in assets and income, the origin of increased assets and income, and the reasons for decreased assets and income.
- Untruthful declaration of assets and income is the act of a person obligated to declare assets and income who, despite knowing that their assets and income, those of their spouse, or minor children must be declared, intentionally fails to declare them as required.
- A dishonest explanation of the origin of assets and increased income refers to the act of a person obligated to declare assets and income intentionally making false declarations about the origin of their assets and increased income.
What is the basis for developing the plan to verify assets and income from July 1, 2026, according to Decree 164?
The basis for developing the plan to verify assets and income from July 1, 2026, is as follows:
– The situation of corruption and anti-corruption work in various sectors, fields, and localities;
– The requirements and directives of competent agencies and organizations in the work of preventing and combating corruption;
– The orientation for developing the plan to verify assets and income, chaired by the Government Inspectorate, in coordination with relevant agencies, and submitted to the Prime Minister for approval before October 31st of each year;
– The feasibility and conditions for achieving the verification objectives stipulated in Article 15 of this Decree.
Based on the above regulations, the Minister or Head of a ministerial-level agency shall direct the inspection agency to develop an annual plan for verifying assets and income; where there is no inspection agency, they shall direct the unit in charge of personnel organization or another unit to carry out the task.
The legal basis stipulated in Clauses 1 and 2 of Article 14 of Decree 164/2026/ND-CP stipulates the basis for developing a plan for verifying assets and income from July 1, 2026, as follows:
Developing a plan for verifying assets and income
- Basis for developing the plan:
- a) The situation of corruption and anti-corruption work in various sectors, fields, and localities;
- b) Requirements and directives of competent agencies and organizations in the work of preventing and combating corruption;
- c) The Government Inspectorate shall preside over the development of a plan for verifying assets and income, in coordination with relevant agencies, and submit it to the Prime Minister for approval before October 31st of each year;
- d) The feasibility and conditions for achieving the verification objectives stipulated in Article 15 of this Decree.
- Based on Clause 1 of this Article, the Minister or Head of a ministerial-level agency shall direct the inspection agency to develop an annual plan for verifying assets and income; where there is no inspection agency, they shall direct the unit in charge of personnel organization or another unit to carry out the task.
What content must the asset and income verification plan from July 1st, 2026, include according to Decree 164?
The legal basis stipulated in Clause 3, Article 14 of Decree 164/2026/ND-CP stipulates that the plan for verifying assets and income from July 1, 2026, must include the following contents:
– Purpose and requirements;
– Verification content: comparing the information declared in the declaration form of the year being verified with the information declared in the declaration form of the preceding year;
– Number and names of agencies and units to be verified;
– Total number of people to be verified, the number of people to be verified allocated by agency, organization, and subordinate unit;
– Organization of the verification plan implementation, the person assigned to direct the implementation, the unit assigned to conduct the verification, and resources for carrying out the verification.
