Handling Revenue from Transfer of External Investments by State-Owned Enterprises

13:42, 11/07/2024

The Ministry of Finance has just issued Circular 219/2015/TT-BTC providing guidance on Decree 91/2015/ND-CP regarding state capital investment in enterprises and the management, use of capital, and assets in enterprises.

Proceeds from the transfer of investment capital outside of state-owned enterprises (SOEs) are handled as follows:

1. The proceeds obtained from the transfer of investment capital outside the enterprise (including the transfer of purchase rights for shares, capital contribution rights) after deducting the invested capital value of the enterprise, transfer costs, and fulfillment of tax obligations as prescribed, the remaining amount is recorded as financial income of the enterprise.

2. In the event that the proceeds from the transfer of investment capital outside the enterprise (including the transfer of purchase rights for shares, capital contribution rights) are not sufficient to cover the invested capital value recorded in the enterprise's accounting books and the provision established (if any), the enterprise is allowed to record the shortfall as financial operating expenses of the enterprise.

For details, see Circular 219/2015/TT-BTC effective from February 15, 2016.

- Ngoc Duyen -

>> CLICK HERE TO READ THIS ARTICLE IN VIETNAMESE

0 lượt xem

- This translation is generated by OpenAI's GPT-4o model;
- The legal regulations in this article are according to Vietnamese Law;
- This English translation is for reference purposes only and not a definitive translation of the original Vietnamese texts;
- Articles may be compiled from a variety of sources;
- Applicable Terms may have expired at the time you are reading;
- If you have any questions about the copyright of the article, please contact us via email banquyen@lawnet.vn