Circular No. 44-TC/CĐKT guiding accounting for revenue and management of funds from renting state-owned housing 44-TC/CÐKT

✦ Tóm lược thông minh

This Circular stipulates accounting for revenue, management, and utilization of rental income from state-owned housing for different entities such as administrative and service agencies, housing trading companies, and implementing organizations. It includes reflecting total revenue, basic depreciation, land tax payable to the State budget, and the profit of the entity.

Đối tượng áp dụng

Administrative and service agencies, housing trading companies owning state-owned housing

Các điểm cốt lõi

Reflecting total revenue from renting housing
Basic depreciation and land tax payable to the State budget
Profit of the entity after deducting approved expenses
Collecting rent directly from tenants or through authorized payment
Paying basic depreciation and land tax to the State budget
Using maintenance and management funds for rented housing

🌐 Tác động xã hội từ văn bản này

Strengthening management of state-owned housing assets
Ensuring full and accurate collection of housing rent from users
Improving the efficiency of funds used for maintaining and managing rented housing

❓ Câu hỏi thường gặp

When does this Circular take effect?

This Circular takes effect from the date of issuance.

For housing rents of officials and employees belonging to previous months, how should they be accounted for if actually paid out and collected by the unit in which month of 1993?

Account for them in that month.

Toàn văn

MINISTRY OF FINANCE ********	SOCIALIST REPUBLIC OF VIETNAM Independence - Freedom - Happiness ********
NUMBER: 44-TC/CĐKT	HANOI, MAY 31, 1993

CIRCULAR

DECISION NO. 44-TC/CĐKT OF THE MINISTRY OF FINANCE GUIDING ACCOUNTING FOR COLLECTION AND MANAGEMENT OF FUNDS FROM RENTING STATE-OWNED HOUSING

BASED ON DECISION NO. 118-TTg OF NOVEMBER 27, 1992 "ON HOUSING RENT PRICES AND INCORPORATING HOUSING RENT INTO SALARIES"AND DECISION NO. 33-TTg OF FEBRUARY 5, 1993 ON "TRANSFERRING MANAGEMENT OF STATE-OWNED HOUSING FUNDS TO A BUSINESS MODEL" BY THE GOVERNMENT, GUIDING CIRCULARS OF THE JOINT MINISTRIES OF FINANCE AND CONSTRUCTION NO. 06-LBTT OF FEBRUARY 10, 1993; NO. 08-LBTT OF FEBRUARY 10, 1993, CIRCULAR OF THE MINISTRY OF FINANCE NO. 09-TC/TT OF FEBRUARY 10, 1993, AND LETTER NO. 736-CĐTC OF APRIL 29, 1993 OF THE MINISTRY OF FINANCE ON HANDLING LAND TAX FOR STATE-OWNED HOUSING RENTAL, THE MINISTRY OF FINANCE GUIDES ACCOUNTING FOR THE COLLECTION AND MANAGEMENT OF FUNDS FROM RENTING STATE-OWNED HOUSING FOR ADMINISTRATIVE AND PUBLIC SERVICE UNITS, STATE ENTERPRISES, AND HOUSING BUSINESS COMPANIES AS FOLLOWS:

1. ACCOUNTING FOR THE COLLECTION AND MANAGEMENT OF FUNDS FROM RENTING STATE-OWNED HOUSING MANAGED BY ADMINISTRATIVE AND PUBLIC SERVICE UNITS.

a) ACCOUNTING FOR RENTAL INCOME AND LAND TAX PAYABLE TO THE BUDGET.

BASED ON THE COMBINED REPORT OF HOUSING RENTAL REVENUE PLANS, EXEMPTED REVENUES, AND REVENUES DUE FROM THE STATE-OWNED HOUSING FUND (MODEL ANNEX 2 OF JOINT CIRCULAR NO. 08-LBTT) APPROVED BY THE AUTHORIZED BODY:

- REFLECT TOTAL RENTAL REVENUE AND AMOUNT DUE TO THE BUDGET, RECORD:

Debit Account 62 - Receivables and Payables (622)

DEBIT ACCOUNT 64 - SETTLEMENT WITH THE BUDGET (462)

- REFLECT EXEMPTED REVENUES FOR SPECIFIED OBJECTS (RECORD IN RED).

Debit Account 62 - Receivables and Payables (622)

DEBIT ACCOUNT 64 - SETTLEMENT WITH THE BUDGET (642)

BASED ON THE ACTUAL AMOUNT OF LAND TAX DUE FROM THE RENTAL HOUSING FUND THAT IS SUBTRACTED FROM THE TOTAL RENTAL REVENUE PAID TO THE STATE BUDGET, RECORD:

CREDIT ACCOUNT 64 (642) - OTHER ITEMS (DETAILS OF RENTAL REVENUE)

DEBIT ACCOUNT 64 (641) - TAXES (DETAILS OF LAND TAX)

b) ACCOUNTING FOR THE COLLECTION OF HOUSING RENT, DEPOSIT IN TREASURY, AND SETTLEMENT WITH THE BUDGET.

- IN CASE OF DIRECT COLLECTION FROM TENANTS, REFLECT THE AMOUNT OF RENT COLLECTED BY THE UNIT, RECORD:

DEBIT ACCOUNT 50 - CASH

OR DEBIT ACCOUNT 69 - SETTLEMENT WITH EMPLOYEES

Credit Account 62 - Receivables and Payables (622)

- IN CASE OF AGENT COLLECTION THROUGH THE WORKPLACE OF THE TENANT.

- THE UNIT THAT PAYS THE HOUSING RENT ON BEHALF OF THE EMPLOYEES OF ANOTHER UNIT.

DEBIT ACCOUNT 62 (622) - OTHER RECEIVABLES AND PAYABLES (DETAILS OF EACH INDIVIDUAL WHO OWES RENT TO THE COLLECTING UNIT)

CREDIT ACCOUNT 51 - BANK DEPOSITS (OR TREASURY)

+ THE UNIT THAT RECEIVES HOUSING RENT COLLECTED BY ANOTHER UNIT, RECORD:

DEBIT ACCOUNT 51 - TREASURY DEPOSITS (511)

CREDIT ACCOUNT 62 (622) - OTHER RECEIVABLES AND PAYABLES (DETAILS OF EACH INDIVIDUAL OF THE COLLECTING UNIT)

- WHEN DEPOSITING CASH RENTAL REVENUE INTO THE TREASURY ACCOUNT, RECORD:

DEBIT ACCOUNT 51 - TREASURY DEPOSITS (511)

CREDIT ACCOUNT 50 - CASH

- WHEN RECEIVING THE TREASURY NOTICE OF WITHDRAWAL OF RENTAL REVENUE OR WITHDRAWAL OF HOUSING RENTAL TAX INTO THE STATE BUDGET, RECORD:

DEBIT ACCOUNT 64 - SETTLEMENT WITH THE BUDGET (DETAILS 641, 642)

CREDIT ACCOUNT 51 - TREASURY DEPOSITS (511).

c) ACCOUNTING FOR THE RECEIPT AND USE OF FUNDS FOR MAINTENANCE AND MANAGEMENT OF STATE-OWNED HOUSING PROVIDED BY THE BUDGET.

- WHEN THE UNIT RECEIVES THE APPROVED LIMIT OF FUNDS FOR MAINTENANCE AND MANAGEMENT OF HOUSING, RECORD DEBIT ACCOUNT 08 "LIMIT OF FUNDS".

- WHEN THE UNIT RECEIVES FUNDS FOR MAINTENANCE AND MANAGEMENT OF HOUSING THROUGH THE TREASURY, RECORD:

DEBIT ACCOUNT 50 - CASH

OR DEBIT ACCOUNT 60 - SETTLEMENT WITH SUPPLIERS (IF DRAWING DOWN THE LIMIT OF SETTLEMENT WITH SUPPLIERS).

OR DEBIT ACCOUNT 51 - TREASURY DEPOSITS (511)

CREDIT ACCOUNT 84 - FUNDS SOURCE (841).

SIMULTANEOUSLY RECORD CREDIT ACCOUNT 08 "LIMIT OF FUNDS", THE AMOUNT OF FUNDS ALLOCATED AND USED.

- ACTUAL EXPENSES INCURRED FOR MAJOR REPAIRS, REGULAR MAINTENANCE, AND MANAGEMENT OF HOUSING, RECORD:

DEBIT ACCOUNT 38 - ADMINISTRATIVE AND PUBLIC SERVICE EXPENSES

CREDIT ACCOUNT 21, 50, 51, 69...

- WHEN THE YEAR-END AUDIT IS APPROVED, BASED ON THE ACTUAL EXPENSES INCURRED FOR THE ABOVE ACTIVITIES, AND IF THE FUNDS ARE SUFFICIENT TO COVER THE EXPENSES, TRANSFER THE ENTIRE AMOUNT OF ACTUAL EXPENSES, RECORD:

DEBIT ACCOUNT 84 - FUNDS SOURCE (84.1)

CREDIT ACCOUNT 38 - EXPENSES FUNDED BY FUNDS.

IF THE FUNDS FOR MAINTENANCE AND MANAGEMENT OF STATE-OWNED HOUSING ARE INSUFFICIENT TO COVER THE ACTUAL EXPENSES, THEN TRANSFER THE AMOUNT OF ACTUAL EXPENSES COVERED BY CURRENT FUNDS AS IN THE CASE ABOVE, AND THE REMAINING BALANCE ON ACCOUNT 38 WILL BE COVERED BY FUNDS FROM THE NEXT YEAR.

2. ACCOUNTING FOR THE COLLECTION AND MANAGEMENT OF FUNDS FROM RENTING STATE-OWNED HOUSING MANAGED BY STATE ENTERPRISES.

a) ACCOUNTING FOR ACTUAL RENTAL REVENUE DUE.

BASED ON THE COMBINED REPORT OF HOUSING RENTAL REVENUE PLANS, EXEMPTED REVENUES, AND REVENUES DUE FROM THE STATE-OWNED HOUSING FUND (MODEL ANNEX 2 OF JOINT CIRCULAR NO. 08/LBTT) APPROVED BY THE AUTHORIZED BODY:

- REFLECT TOTAL RENTAL REVENUE, RECORD:

Debit Account 62 - Receivables and Payables (622)

CREDIT ACCOUNT 84 - FUNDS SOURCE (842)

- REFLECT EXEMPTED REVENUES FOR SPECIFIED OBJECTS (RECORD IN RED).

DEBIT ACCOUNT 62 - OTHER RECEIVABLES AND PAYABLES (622)

CREDIT ACCOUNT 84 - FUNDS SOURCE (842)

b) ACCOUNTING FOR BASIC DEPRECIATION AND LAND TAX PAYABLE TO THE BUDGET, AND FUNDS FROM RENTAL HOUSING RETAINED BY THE UNIT.

- REFLECT THE AMOUNT OF BASIC DEPRECIATION DUE TO THE BUDGET (60% OF TOTAL RENTAL REVENUE LESS EXEMPTED REVENUES FOR SPECIFIED OBJECTS), RECORD:

DEBIT ACCOUNT 84 - FUNDS SOURCE (842)

CREDIT ACCOUNT 64 - SETTLEMENT WITH THE BUDGET (647)

- SIMULTANEOUSLY REFLECT THE VALUE OF DEPRECIATION OF STATE-OWNED HOUSING ALONG WITH THE DEPRECIATION OF ALL HOUSING UNDER THE CURRENT FIXED ASSET DEPRECIATION REGIME:

DEBIT ACCOUNT 80 - FIXED CAPITAL SOURCE (801)

CREDIT ACCOUNT 11 - FIXED ASSET DEPRECIATION

- REFLECT THE ACTUAL AMOUNT OF LAND TAX DUE TO THE BUDGET FROM THE STATE-OWNED RENTAL HOUSING FUND, RECORD:

DEBIT ACCOUNT 84 - FUNDS SOURCE (842)

CREDIT ACCOUNT 64 - SETTLEMENT WITH THE BUDGET (644)

- FUNDS FROM RENTAL HOUSING REMAINING AFTER SUBTRACTING BASIC DEPRECIATION AND LAND TAX DUE, THE UNIT CAN KEEP TO SPEND ON MAINTENANCE AND MANAGEMENT OF STATE-OWNED RENTAL HOUSING, REFLECTED IN THE CREDIT BALANCE OF ACCOUNT 84 (842).

- IN CASE OF PAYING LAND TAX RESULTING IN A LOSS, BASED ON THE ACTUAL LOSS DUE TO PAYING LAND TAX APPROVED BY THE AUTHORIZED BODY TO OFFSET AGAINST BASIC DEPRECIATION DUE TO THE STATE BUDGET, RECORD IN RED:

DEBIT ACCOUNT 84 - FUNDS SOURCE (842)

CREDIT ACCOUNT 64 - SETTLEMENT WITH THE BUDGET (647).

c) ACCOUNTING FOR THE COLLECTION OF HOUSING RENT AND SETTLEMENT WITH THE BUDGET FOR LAND TAX AND BASIC DEPRECIATION.

- REFLECT THE AMOUNT OF RENT COLLECTED BY THE UNIT, RECORD:

DEBIT ACCOUNT 50 - CASH

OR DEBIT ACCOUNT 69 - SETTLEMENT WITH EMPLOYEES

Credit Account 62 - Receivables and Payables (622)

When depositing rental income from housing into the bank account, record:

Debit Account 51 - Bank Deposits

Credit Account 50 - Cash

When receiving the bank's notice of debt for deducting the basic depreciation or land tax amount paid to the state budget, record:

Debit Account 64 - Settlement with the State Budget (details 644, 647)

Credit Account 51 - Bank Deposits

or Credit Account 50 - Cash (if paying the state budget in cash).

d) Accounting uses the funding for maintenance and management of rented housing left at the unit.

- Actual expenses incurred for major repairs, regular repairs, and management of housing, record:

Debit Account 38 - Expenditure from Funding

Credit Accounts 30, 31, 21, 22, 69, etc.

When the annual settlement is approved, based on the actual expenditure for the aforementioned activities, and if the funding is sufficient to cover the expenses, transfer the entire actual expenditure, record:

DEBIT ACCOUNT 84 - FUNDS SOURCE (842)

Credit Account 38 - Expenditure from Funding.

In cases where the funding for maintenance and management of housing is insufficient to cover the actual expenditure, only transfer the actual expenditure covered by the current funding, as in the case above, and leave the remaining balance on Account 38 to be covered by next year's funding.

3- Accounting for the collection and management of rental income from housing owned by the state managed by the Housing Business Company.

a) Record total revenue and revenue subject to taxation from housing rentals.

Based on the consolidated report of the rental housing revenue plan, exempted revenue, and revenue due for state-owned housing funds (model annex number 2 of Circular Joint No. 08/LBTT) approved by the competent authority:

- REFLECT TOTAL RENTAL REVENUE, RECORD:

Debit Account 61 - Settlement with Purchasers

Credit Account 40 - Consumption and Results.

- Reflect exempted rental income for housing for specified groups (record in red):

Debit Account 61 - Settlement with Purchasers

Credit Account 40 - Consumption and Results

b) Accounting for receiving housing funds assigned by the state for management and business operations, basic depreciation, land tax payable to the state budget, and rental income retained by the unit.

- Reflect rental housing assigned by the state for management and business operations.

+ If it is new housing that has not been used, record:

Debit Account 10 - Fixed Assets (101)

Credit Account 80 - Fixed Capital (801)

+ If it is used housing, record:

Debit Account 10 - Fixed Assets (101) (original cost)

Credit Account 80 - Fixed Capital (801) (remaining value)

Credit Account 11 - Depreciation of Fixed Assets (amount depreciated).

(For units currently using housing that have already been recorded as fixed assets, there is no need to record the above journal entry).

- Reflect the amount of basic depreciation payable to the state budget (equal to 60% of total rental housing revenue minus (-) exempted revenue for specified groups), record: