JOINT CIRCULAR NO. 41/TC-NL-TTLB GUIDES THE PAYMENT OF BUDGETS AND BALANCING OF FINANCES IN 1993 FOR THE ELECTRIC POWER INDUSTRY, INCLUDING PROVISIONS ON ELECTRICITY PRICE SUPPLEMENTS, BUSINESS INCOME TAX, NATURAL RESOURCES TAX, USE OF STATE BUDGET FUNDS, PROFIT AND LOSS MANAGEMENT, DEPRECIATION CONTRIBUTIONS, AND MAJOR REPAIR CAPITAL USE.
적용 범위
UNITS UNDER THE ELECTRIC POWER INDUSTRY INCLUDE ELECTRICITY COMPANIES AND ELECTRICITY DEPARTMENTS.
핵심 사항
- THE ELECTRIC POWER INDUSTRY IS PERMITTED TO CHARGE AN ELECTRICITY PRICE SUPPLEMENT IN SOUTHERN PROVINCES FROM APRIL 1, 1993 TO JUNE 30, 1993.
- ALL UNITS UNDER THE ELECTRIC POWER INDUSTRY MUST PAY BUSINESS INCOME TAX INTO THE STATE BUDGET ACCORDING TO THE PROVISIONS IN DOCUMENT NO. 294-TC/TCT DATED MARCH 11, 1991 ISSUED BY THE MINISTRY OF FINANCE.
- ELECTRICITY COMPANIES ARE RESPONSIBLE FOR CALCULATING AND PAYING THE NATURAL RESOURCES TAX INTO THE STATE BUDGET IN ACCORDANCE WITH CURRENT REGULATIONS.
- ELECTRICITY COMPANY I MUST PAY THE ENTIRE AMOUNT OF SUPER-QUOTA PROFITS INTO THE STATE BUDGET, AFTER WHICH IT MAY ESTABLISH THREE FUNDS ACCORDING TO CURRENT REGULATIONS.
- ELECTRICITY COMPANY II IS ALLOWED TO TEMPORARILY INCLUDE BASIC DEPRECIATION FOR 1993 IN COSTS AT 50%, AND THIS AMOUNT MUST BE PAID IN FULL INTO THE STATE BUDGET.
🌐 이 문서의 사회적 영향
- POSITIVE IMPACT: HELPS BALANCE FINANCES FOR THE ELECTRIC POWER INDUSTRY AND ENSURES INCOME FOR THE STATE BUDGET.
- NEGATIVE IMPACT: INCREASED TAX AND FEE BURDEN ON CITIZENS USING ELECTRICITY SERVICES.
❓ 자주 묻는 질문
WHEN DID THE ELECTRIC POWER INDUSTRY BEGIN CHARGING AN ELECTRICITY PRICE SUPPLEMENT?
THE ELECTRIC POWER INDUSTRY WAS PERMITTED TO CHARGE AN ELECTRICITY PRICE SUPPLEMENT IN SOUTHERN PROVINCES FROM APRIL 1, 1993 TO JUNE 30, 1993.
HOW MUCH MUST ELECTRICITY COMPANY I PAY INTO THE STATE BUDGET?
ELECTRICITY COMPANY I MUST PAY THE ENTIRE AMOUNT OF SUPER-QUOTA PROFITS INTO THE STATE BUDGET, AFTER WHICH IT MAY ESTABLISH THREE FUNDS ACCORDING TO CURRENT REGULATIONS.
HOW IS BASIC DEPRECIATION TEMPORARILY INCLUDED IN COSTS FOR ELECTRICITY COMPANY II?
ELECTRICITY COMPANY II IS ALLOWED TO TEMPORARILY INCLUDE BASIC DEPRECIATION FOR 1993 IN COSTS AT 50%, AND THIS AMOUNT MUST BE PAID IN FULL INTO THE STATE BUDGET.
DO UNITS UNDER THE ELECTRIC POWER INDUSTRY NEED TO PAY BUSINESS INCOME TAX?
YES, ALL UNITS UNDER THE ELECTRIC POWER INDUSTRY MUST PAY BUSINESS INCOME TAX INTO THE STATE BUDGET ACCORDING TO THE PROVISIONS.
HOW IS THE CAPITAL FOR MAJOR REPAIRS HANDLED FOR ELECTRICITY COMPANY II?
ELECTRICITY COMPANY II HANDLES CAPITAL FOR MAJOR REPAIRS ACCORDING TO DOCUMENT NO. 1492/KTTH DATED APRIL 9, 1993 ISSUED BY THE GOVERNMENT OFFICE, BUT NOT MORE THAN 35 BILLION VND AS REQUESTED BY THE COMPANY.
전문
CIRCULAR
OF THE MINISTRY OF FINANCE - ENERGY
GUIDELINES FOR IMPLEMENTATION OF PAYMENTS
INTO THE STATE BUDGET AND CERTAIN MEASURES TO BALANCE FINANCIAL INCOME AND EXPENSES
FOR THE ELECTRICITY SECTOR IN 1993
BASED ON DOCUMENT NO. 1309/KTTH DATED APRIL 1, 1993 FROM THE GOVERNMENT OFFICE REGARDING THE ADDITIONAL CHARGE ON ELECTRICITY PRICES IN PROVINCES IN THE SOUTHERN REGION AND BALANCING FINANCIAL INCOME AND EXPENSES FOR THE ELECTRICITY SECTOR.
THE JOINT MINISTRIES OF FINANCE AND ENERGY UNIFY THE GUIDELINES FOR IMPLEMENTATION OF THE ADDITIONAL CHARGE ON ELECTRICITY PRICES, PAYMENTS INTO THE STATE BUDGET, AND CERTAIN MEASURES TO BALANCE FINANCIAL INCOME AND EXPENSES FOR THE ELECTRICITY SECTOR IN 1993 AS FOLLOWS:
I. ADDITIONAL CHARGE ON ELECTRICITY PRICES
FROM APRIL 1, 1993 TO JUNE 30, 1993, THE ELECTRICITY SECTOR IS PERMITTED TO IMPOSE AN ADDITIONAL CHARGE ON ELECTRICITY PRICES IN PROVINCES IN THE SOUTHERN REGION (FROM KHÁNH HOÀ PROVINCE SOUTHWARDS, EXCEPT HỒ CHÍ MINH CITY).
THE LEVEL OF THE ADDITIONAL CHARGE AND THE GROUPS SUBJECT TO THE CHARGE SHALL BE IMPLEMENTED ACCORDING TO THE ANNOUNCEMENT OF THE GOVERNMENT PRICE BOARD AND LETTER NO. 272 VGCP-TLSX DATED APRIL 12, 1993.
II. TAXES AND FEES PAID INTO THE STATE BUDGET AND MEASURES
TO BALANCE FINANCIAL INCOME AND EXPENSES IN 1993
1. REGARDING BUSINESS INCOME TAX: ALL UNITS UNDER THE ELECTRICITY SECTOR MUST PAY BUSINESS INCOME TAX INTO THE STATE BUDGET. THE RATE OF TAX, METHODS OF CALCULATION, PROCEDURES FOR PAYMENT, AND LOCATIONS FOR PAYMENT SHALL BE IMPLEMENTED ACCORDING TO THE PROVISIONS IN LETTER NO. 294-TC/TCT DATED MARCH 11, 1991 FROM THE MINISTRY OF FINANCE ON THE IMPLEMENTATION OF THE LAW ON BUSINESS INCOME TAX FOR ELECTRICITY AND COAL.
AT IN LOCALITIES WHERE GRADUATED ELECTRICITY PRICES ARE APPLIED, THE BUSINESS INCOME FROM ELECTRICITY INCLUDES BOTH THE GRADUATED ELECTRICITY PRICES AND THE ADDITIONAL CHARGE.
EXCEPT FOR THE HO CHÍ MINH CITY ELECTRICITY COMPANY, THE BUSINESS INCOME FROM ELECTRICITY FOR THE HO CHÍ MINH CITY ELECTRICITY COMPANY DOES NOT INCLUDE THE ADDITIONAL CHARGE. THE ADDITIONAL CHARGE FOR HO CHÍ MINH CITY SHALL BE IMPLEMENTED ACCORDING TO DECISION NO. 548/QĐ-UBCN DATED APRIL 15, 1993 FROM THE PEOPLE'S COMMITTEE OF HO CHÍ MINH CITY.
2. TAX ON NATURAL RESOURCES:
THE ELECTRICITY COMPANIES HAVE THE RESPONSIBILITY TO CALCULATE THE TAX ON NATURAL RESOURCES ACCORDING TO THE PROVISIONS IN LETTER NO. 766 TC-TCT DATED JUNE 11, 1991 FROM THE MINISTRY OF FINANCE ON THE TAX ON NATURAL RESOURCES FOR WATER USED IN HYDROPOWER GENERATION AND TO SUBMIT IT TO THE STATE BUDGET ACCORDING TO CURRENT REGULATIONS.
3. USE OF GOVERNMENT CAPITAL:
THE ELECTRICITY COMPANIES MUST CALCULATE THE AMOUNT OF GOVERNMENT CAPITAL USE BASED ON THE CAPITAL THAT HAS BEEN PRESERVED ACCORDING TO CURRENT REGULATIONS AND THE RATES OF COLLECTION AS PROVIDED IN CIRCULAR NO. 13-TC/TCT DATED FEBRUARY 23, 1991 FROM THE MINISTRY OF FINANCE.
- THE FIRST ELECTRICITY COMPANY MUST SUBMIT THE ENTIRE AMOUNT OF GOVERNMENT CAPITAL USE TO THE STATE BUDGET (BY RECORDING THE GOVERNMENT CAPITAL USE OF THE FIRST ELECTRICITY COMPANY AND RECORDING THE SUBSIDY FOR THE THIRD ELECTRICITY COMPANY).
- THE SECOND AND THIRD ELECTRICITY COMPANIES ARE TEMPORARILY EXEMPT FROM SUBMITTING GOVERNMENT CAPITAL USE IN 1993.
4. HANDLING PROFITS AND LOSSES IN 1993:
- THE FIRST ELECTRICITY COMPANY WILL HAVE SUPER-NORMAL PROFITS IN 1993 DUE TO HIGH HYDROPOWER GENERATION. THIS AMOUNT OF SUPER-NORMAL PROFITS WILL BE DETERMINED IN THE 1993 PLAN OF THE FIRST ELECTRICITY COMPANY. THE FIRST ELECTRICITY COMPANY MUST SUBMIT THE ENTIRE AMOUNT OF SUPER-NORMAL PROFITS TO THE STATE BUDGET (BY RECORDING THE GOVERNMENT CAPITAL USE OF THE FIRST ELECTRICITY COMPANY AND RECORDING THE SUBSIDY FOR THE SECOND AND THIRD ELECTRICITY COMPANIES).
THE PROFITS GENERATED FROM EFFORTS TO REDUCE COSTS AFTER PAYING INCOME TAX WILL BE TREATED AS REALIZED PROFITS, AND THE FIRST ELECTRICITY COMPANY MAY ESTABLISH THREE FUNDS ACCORDING TO CURRENT REGULATIONS.
- THE SECOND AND THIRD ELECTRICITY COMPANIES, AFTER BEING TEMPORARILY EXEMPT FROM GOVERNMENT CAPITAL USE AND REDUCED DEPRECIATION FOR THE SECOND ELECTRICITY COMPANY, ANY REMAINING LOSSES (IF ANY) CAUSED BY OBJECTIVE FACTORS WILL BE CONSIDERED FOR SUBSIDY BY THE MINISTRY OF FINANCE.
THE SOURCE OF SUBSIDY FOR THE SECOND AND THIRD ELECTRICITY COMPANIES IS THE AMOUNT OF SUPER-NORMAL PROFITS AND GOVERNMENT CAPITAL USE SUBMITTED TO THE STATE BUDGET BY THE FIRST ELECTRICITY COMPANY.
BASED ON THE PLANNED LOSSES, THE MINISTRY OF FINANCE WILL DETERMINE QUARTERLY LOSSES AND TEMPORARILY PROVIDE SUBSIDIES QUARTERLY. TO ENSURE QUICK AND ACCURATE SUBSIDIES, IT IS REQUESTED THAT THE ELECTRICITY COMPANIES SUBMIT QUARTERLY PLANS AND QUARTERLY REPORTS TO THE MINISTRY OF FINANCE AND THE MINISTRY OF ENERGY. BASED ON THE PREVIOUS QUARTERLY REPORTS AND THE QUARTERLY PLANS, THE MINISTRY OF FINANCE WILL REVIEW AND TEMPORARILY PROVIDE SUBSIDIES QUARTERLY. THE DEADLINE FOR SUBMITTING QUARTERLY PLANS IS THE 5TH DAY OF EACH QUARTER, AND THE DEADLINE FOR SUBMITTING QUARTERLY REPORTS IS THE 30TH DAY OF EACH QUARTER.
5. DEPRECIATION OF FIXED ASSETS:
UNITS IN THE ELECTRICITY SECTOR MUST CALCULATE DEPRECIATION OF FIXED ASSETS ACCORDING TO THE PROVISIONS IN CIRCULAR NO. 507-TC/ĐTXD DATED JULY 22, 1985 FROM THE MINISTRY OF FINANCE AND CIRCULAR NO. 59-TC-CN DATED DECEMBER 5, 1990 FROM THE MINISTRY OF FINANCE, THE ORIGINAL VALUE OF FIXED ASSETS IS THE VALUE THAT HAS BEEN PRESERVED ACCORDING TO CURRENT REGULATIONS.
- THE FIRST AND THIRD ELECTRICITY COMPANIES MUST SUBMIT THE ENTIRE AMOUNT OF DEPRECIATION OF FIXED ASSETS TO THE STATE BUDGET.
- THE SECOND ELECTRICITY COMPANY IS TEMPORARILY ALLOWED TO INCLUDE 50% OF THE REQUIRED DEPRECIATION OF FIXED ASSETS INTO THE COST OF PRODUCTS IN 1993 AND THE REMAINING AMOUNT MUST BE SUBMITTED TO THE STATE BUDGET ACCORDING TO CURRENT REGULATIONS.
AT THE END OF THE YEAR, BASED ON THE FINAL REPORT OF THE SECOND ELECTRICITY COMPANY, THE MINISTRY OF FINANCE WILL REVIEW AND DETERMINE THE OFFICIAL REDUCTION AMOUNT BASED ON THE ACTUAL LOSSES.
6. DEPRECIATION AND USE OF MAJOR REPAIR FUNDS:
THE USE OF MAJOR REPAIR FUNDS MUST BE IN ACCORDANCE WITH THE PURPOSE AND THE PROVISIONS IN CIRCULAR NO. 33-TC/CN DATED JULY 31, 1990 FROM THE MINISTRY OF FINANCE. BASED ON THE NEEDS FOR MAJOR REPAIRS IN 1993, THE ELECTRICITY SECTOR SHALL DETERMINE THE AMOUNT OF MAJOR REPAIR FUNDS TO BE INCLUDED IN THE COST OF PRODUCTS ACCORDING TO ACTUAL REASONABLE EXPENSES. SPECIFICALLY, THE SECOND ELECTRICITY COMPANY CAN HANDLE THE MAJOR REPAIR FUNDS ACCORDING TO DOCUMENT NO. 1492/KTTH DATED APRIL 9, 1993 FROM THE GOVERNMENT OFFICE BUT NOT MORE THAN 35 BILLION VND AS REQUESTED BY THE COMPANY.
III. IMPLEMENTATION
BASED ON THE ABOVE PROVISIONS, IT IS REQUESTED THAT THE ELECTRICITY COMPANIES DIRECT THEIR SUBORDINATE UNITS TO FULLY COMPLY WITH THEIR OBLIGATIONS TO THE STATE BUDGET.
AT THE END OF 1993, BASED ON THE FINAL REPORTS OF EACH UNIT, THE MINISTRY OF FINANCE WILL REVIEW AND DETERMINE THE OFFICIAL AMOUNT OF EXEMPTIONS AND WAIVERS FOR EACH COMPANY. FOR CERTAIN ITEMS OF SUBSIDY ARISING IN THE FIRST QUARTER OF 1993, IT IS REQUESTED THAT THE COMPANIES SUBMIT REPORTS TO THE TWO MINISTRIES FOR REVIEW AND TIMELY PROCEDURES.
BASED ON THE PROVISIONS IN THIS CIRCULAR, IT IS REQUESTED THAT LOCAL TAX AUTHORITIES CHECK THE IMPLEMENTATION AND REPORT ANY ISSUES TO THE TWO MINISTRIES FOR RESOLUTION.
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