Expenses in Business Production within Cooperatives

Bich Hoa

13:14, 11/07/2024

The operating expenses of a cooperative, cooperative alliance are costs incurred in connection with production and business activities during the financial year.

Circular 83 stipulates that business production costs in cooperatives include:

- Costs of raw materials, fuels, power, semi-finished products, outsourced services (calculated based on actual consumption levels and actual original prices), costs of allocated tools and labor equipment, costs of fixed asset repairs, advance costs, and major repairs of fixed assets.- Depreciation costs of fixed assets as prescribed by law.- Salary costs, wages, and salary-like costs payable to members and laborers as guided by the Ministry of Labor - Invalids and Social Affairs (if paid in kind, they should be converted to cash equivalents).- Costs of social insurance, unemployment insurance, trade union funding, and health insurance for laborers that cooperatives and cooperative unions must pay in accordance with regulations.- Transaction costs, brokerage, guest reception, marketing, trade promotion, advertising, and meeting expenses calculated based on actual costs incurred and according to the provisions of the Corporate Income Tax Law.- Other monetary costs.- …

See additional expense categories in Circular 83/2015/TT-BTC effective from July 15, 2015.

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