How to calculate direct costs in coastal public information service price in Vietnam

Vo Ngoc Nhi

17:46, 14/12/2022

Minister of Transport of Vietnam issued Circular 31/2022/TT-BGTVT dated December 7, 2022, guiding the price of coastal public non-business services using state budget funds from regular funding sources, made by the order method.

According to Vietnam's Circular 31/2022/TT-BGTVT, the calculation of direct costs in the price structure of coastal public information services is as follows:

CTT = CVL + CNC + CKH + CSC + CTTK

In which, direct costs (CTT) of coastal public information services include:

- Cost of raw materials, materials, tools, tools, fuel, direct energy (CVL);

- Direct labor costs (CNC);

- Direct fixed asset depreciation expense (CKH);

- Fixed asset repair costs 2 directly serving the coastal information system (CSC)

- Other direct expenses (CTTK).

In addition, there are also instructions on the formula for calculating other costs, including:

- General cost (CC) = CNC (x) %

- Profitability (L) = (CTT + CC) x percentage

- Price of public administrative services before tax (GTT) = CTT + CC + L

- Value Added Tax (VAT) = GTT (x) MTS

- Price of public administrative services after tax (G) = GTT X TGTGT

More details can be found in Vietnam's Circular 31/2022/TT-BGTVT effective from February 15, 2023.

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