What are regulations on determination of the primary price of tangible fixed assets that are donated, allocated, or from receiving contributed capital in Vietnam?
What are regulations on determination of the primary price of tangible fixed assets that are donated, allocated, or from receiving contributed capital in Vietnam?
Hello Lawnet. My name is Nguyen Khanh Chi. I'm learning regulations on management, use and depreciation of fixed assets of enterprises established and operating in Vietnam. I have a question. What are regulations on determination of the primary price of tangible fixed assets that are donated, allocated, or from receiving contributed capital in Vietnam? Which document stipulates this issue? Thank you!
What are regulations on determination of the primary price of tangible fixed assets that are donated, allocated, or from receiving contributed capital in Vietnam? - image from internet
Pursuant to Points dd, e and g, Clause 1, Article 4 of the Circular 45/2013/TT-BTC guiding the management, use and depreciation of fixed assets issued by the Minister of Finance, the determination of the primary price of tangible fixed assets that are donated, allocated, or from receiving contributed capital in Vietnam is as follows:
- Determining the primary price of fixed assets
+ Tangible fixed assets are funded, offered, donated or excessive by detection.
The primary price of tangible fixed assets due to funding, offer, donation, excess due to detection is the value by actual evaluation of the delivery Council or professional valuation organization.
+ Tangible fixed assets allocated and transferred:
The primary price of tangible fixed assets allocated or transferred include the residual value of the fixed assets on accounting books at allocating or transferring units or the value by actual evaluation of the professional valuation organization as prescribed by law, plus (+) directly related costs which the asset receiving party has to pay by the time the fixed assets are put into a state of ready for use such as cost of leasing of valuation organization, upgrade, installation, testing....
+ Tangible fixed assets from receiving and receiving back contributed capital:
The fixed assets from receiving and receiving back contributed capital are value agreed on consensus by the members, founding shareholders or agreed between enterprises and capital contributors or evaluated by professional organization as prescribed by law and approved by members and founding shareholders.
Above are regulations on determination of the primary price of tangible fixed assets that are donated, allocated, or from receiving contributed capital in Vietnam. Please refer to the Circular 45/2013/TT-BTC for more information.
Best regards!
