Circular No. 9-TC/TT guides the method of calculating and paying basic depreciation for state-owned housing for rent, applying a rate of 60% of rental revenue. Management and business units must allocate and pay according to plans into local or central budgets.
Scope of application
Management and business units of state-owned housing for rent
Key points
- are management and business units of state-owned housing → basic depreciation is calculated at 60% of rental revenue (based on the rental price determined by the competent authority)
- Units renting houses → must allocate and pay planned basic depreciation into local or central budgets
- The payment of basic depreciation is carried out according to the level of administration: management and business units of housing under local administration pay into local budget, units under central administration pay into central budget
- Tax authorities at all levels → are responsible for inspecting and urging the payment of basic depreciation
- This Circular takes effect from the date of issuance and applies to the collection of housing fees based on new prices from November 1, 1992
🌐 Social impact of this document
- Positive impact: Ensuring revenue into the State budget, strengthening the management and use of basic depreciation funds
- Negative impact: May increase the cost burden on management and business units of housing
❓ Frequently asked questions
What is the formula for calculating basic depreciation?
Basic depreciation is calculated at 60% of rental revenue (based on the rental price determined by the competent authority).
How much do management and business units need to allocate and pay into the budget?
Units need to allocate and pay planned basic depreciation according to a rate of 60% of rental revenue.
How is the payment of basic depreciation carried out?
Payment is made into local or central budget, depending on the management and business units of housing.
Is there a specific deadline for paying basic depreciation?
This Circular takes effect from the date of issuance and applies to the collection of housing fees based on new prices from November 1, 1992.
Which agency is responsible for inspecting and urging the payment of basic depreciation?
Tax authorities at all levels are responsible for inspecting and urging the payment of basic depreciation.
Full text
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MINISTRY OF FINANCE |
SOCIALIST REPUBLIC OF VIETNAM |
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NUMBER: 9-TC/TT |
HANOI, FEBRUARY 10, 1993 |
CIRCULAR
DECISION NO. 9-TC/TT OF FEBRUARY 10, 1993 OF THE MINISTRY OF FINANCE GUIDING THE CALCULATION AND PAYMENT OF BASIC DEPRECIATION FOR STATE-OWNED HOUSING RENTED OUT
BASIC PROVISIONS ON STATE-OWNED HOUSING FOR RENT
BASED ON THE PRIME MINISTER'S DECISION NO. 118-TTg OF NOVEMBER 27, 1992 ON HOUSING RENTAL PRICES AND INCLUDING HOUSING MONEY IN SALARIES;
BASED ON THE PRIME MINISTER'S DECISION NO. 179-TTg OF DECEMBER 22, 1992 ON THE MANAGEMENT AND USE OF BASIC DEPRECIATION FUNDS;
BASED ON THE JOINT CIRCULAR NO. 8-LBTT OF FEBRUARY 10, 1993 OF THE JOINT MINISTRIES OF FINANCE AND CONSTRUCTION GUIDING THE COLLECTION AND MANAGEMENT OF FUNDS FROM THE RENTAL OF STATE-OWNED HOUSING;
THE MINISTRY OF FINANCE GUIDES THE CALCULATION AND PAYMENT OF BASIC DEPRECIATION FOR STATE-OWNED HOUSING RENTED OUT BY UNITS MANAGING AND OPERATING HOUSING AS FOLLOWS:
1. THE RATE OF BASIC DEPRECIATION CALCULATION FOR STATE-OWNED HOUSING RENTED OUT IS SET AT 60% OF THE HOUSING RENTAL REVENUE (BASED ON THE RENTAL PRICE DETERMINED BY THE AUTHORIZED BODY).
2. UNITS RENTING HOUSING ARE RESPONSIBLE FOR CALCULATING THE PLAN FOR BASIC DEPRECIATION TO BE SUBMITTED TO THE STATE BUDGET BASED ON THE RENTAL REVENUE FROM STATE-OWNED HOUSING AND THE BASIC DEPRECIATION RATE STATED IN POINT 1 OF THIS CIRCULAR, ORGANIZING THE WITHDRAWAL AND SUBMISSION ACCORDING TO THE PLAN, AND SETTLING THE ACTUAL AMOUNT TO BE SUBMITTED WITH THE SAME LEVEL FINANCIAL AUTHORITIES, SIMULTANEOUSLY WITH THE ANNUAL INCOME AND EXPENSES PLAN OF THE UNIT.
3. THE SUBMISSION OF BASIC DEPRECIATION INTO THE STATE BUDGET SHALL BE IMPLEMENTED ACCORDING TO THE LEVEL OF ADMINISTRATION: UNITS MANAGING AND OPERATING HOUSING AT THE LOCAL LEVEL SHALL SUBMIT TO THE LOCAL BUDGET, WHILE UNITS MANAGING AND OPERATING HOUSING AT THE CENTRAL LEVEL SHALL SUBMIT TO THE CENTRAL BUDGET.
TAX AUTHORITIES AT ALL LEVELS SHALL BE RESPONSIBLE FOR INSPECTING AND URGING STATE ENTERPRISES TO COMPLY WITH THE OBLIGATION TO PAY BASIC DEPRECIATION AS PROVIDED ABOVE. THE NATIONAL TREASURY AUTHORITIES AT ALL LEVELS WHERE UNITS MANAGING AND OPERATING HOUSING HAVE ACCOUNTS SHALL BE RESPONSIBLE FOR MONITORING THE RECEIPTS OF BASIC DEPRECIATION SUBMITTED TO THE STATE BUDGET BY THE UNITS, ORGANIZING THE COLLECTION AND SUBMISSION OF BASIC DEPRECIATION AND RECORDING THE SUBMISSION CORRECTLY AT THE APPROPRIATE BUDGET LEVEL (IN ACCORDANCE WITH POINT 3 OF THIS CIRCULAR), AND REPORTING PROMPTLY TO SUPERIOR NATIONAL TREASURY AUTHORITIES.
THIS CIRCULAR SHALL TAKE EFFECT FROM THE DATE OF ISSUANCE, AND THE PROVISIONS REGARDING THE WITHDRAWAL AND PAYMENT OF BASIC DEPRECIATION FOR STATE-OWNED HOUSING RENTED OUT SHALL BE IMPLEMENTED SIMULTANEOUSLY WITH THE COLLECTION OF HOUSING FEES AT NEW PRICES FROM NOVEMBER 1, 1992 UNTIL REPLACED BY OTHER REGULATIONS.
THE CHAIRMAN OF THE PEOPLE'S COMMITTEE OF PROVINCES AND DIRECTLY-GOVERNED CITIES, HEADS OF MINISTRIES AND SECTORS AT THE CENTRAL LEVEL SHALL DIRECT UNITS MANAGING HOUSING AND LOCAL FINANCIAL AUTHORITIES TO COMPLY WITH THE PROVISIONS OF THIS CIRCULAR.
ANY DIFFICULTIES ENCOUNTERED DURING IMPLEMENTATION SHOULD BE REPORTED PROMPTLY TO THE MINISTRY OF FINANCE FOR REVIEW AND ADDITIONAL GUIDANCE.
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Hồ Tế (Signed) |
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