Circular 47/2018/TT-BTC was issued by the Ministry of Finance on May 15, 2018, providing guidance on determining rental prices, starting prices for auction leasing, and term transfer of rights to exploit transport and irrigation infrastructure assets.
According to Circular 47, the initial price for auctioning the time-limited transfer of the right to exploit infrastructural assets includes: The remaining depreciation value or remaining amortization value after the reevaluation of the asset during the transfer period plus (+) The total projected profit the State is expected to gain from asset exploitation during the transfer period plus (+) The cost of serving management and asset exploitation.
Specifically:
- The depreciation or amortization value of the asset during the transfer period: Determined according to the Ministry of Finance's guidance on asset depreciation or amortization policies;- The total projected profit the State is expected to gain from asset exploitation during the transfer period is the profit the State is expected to receive during the transfer period;- The cost of serving management and asset exploitation (if any) is determined as per Clause 1, Article 5 of Circular 47.
Refer to Circular 47/2018/TT-BTC effective from July 1, 2018.
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