Document from CIS Legislation database © 2003-2019 SojuzPravoInform LLC

RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of April 30, 2019 No. 24

About financial accounting of the value added tax in state-financed organizations

Based on the paragraph of the fourth Item 5 of article 5 of the Law of the Republic of Belarus of July 12, 2013 No. 57-Z "About financial accounting and the reporting", Item 10 of the Regulations on the Ministry of Finance of the Republic of Belarus approved by the resolution of Council of Ministers of the Republic of Belarus of October 31, 2001 No. 1585, the Ministry of Finance of the Republic of Belarus DECIDES:

1. Determine that in state-financed organizations:

1.1. the tax amount on value added on fixed assets, intangible assets, goods, other assets (further - goods), to the works, services acquired (imported) at the expense of means of the relevant budget and (or) means from the activities which are bringing in incomes, attributable to value addition of these goods, works, services is reflected on the debit of the corresponding sub-account of accounts 01 "Fixed assets", 04 "The equipment, construction materials for capital construction and materials for scientific research", 05 "Animals on cultivation and sagination", 06 "Materials and food", 07 "Separate objects as a part of current assets", 08th "Production costs", 20 "Expenses under the budget", 21 "Other expenses" and other accounts and to the credit of the corresponding sub-account of accounts 10 "Current accounts under the budget", 11 "Current accounts on extrabudgetary funds", 15 "Settlings with suppliers and buyers", 16 "Settlings with advance holders", 17 "Settlings with different debtors and creditors" and other accounts;

1.2. the tax amount on value added on the goods, works, services acquired (imported) at the expense of means from the activities which are bringing in incomes is reflected on the debit of account 17 "Settlings with different debtors and creditors" (sub-account 175 "The value added tax on goods purchased (works, services)") and the credit of the corresponding sub-account of accounts 11 "Current accounts on extrabudgetary funds", 15 "Settlings with suppliers and buyers", 16 "Settlings with advance holders", 17 "Settlings with different debtors and creditors" and other accounts.

The tax amount on value added estimated according to the income from the activities which are bringing in incomes is reflected on the debit of the corresponding sub-account of accounts 23 "Financing and loans", 28th "Realization", 41 "Profits and losses" and other accounts and to account 17 credit "Settlings with different debtors and creditors" (sub-account 173 "Calculations with the budget").

The tax amount on value added which is deductible is reflected on the debit of account 17 "Settlings with different debtors and creditors" (sub-account 173 "Calculations with the budget") and account 17 credit "Settlings with different debtors and creditors" (sub-account 175 "The value added tax on goods purchased (works, services)").

The tax amount on value added paid to the budget is reflected on the debit of account 17 "Settlings with different debtors and creditors" (sub-account 173 "Calculations with the budget") and account 11 credit "Current accounts on extrabudgetary funds" (sub-account 111 "The current account on extrabudgetary funds");

1.3. the tax amount on value added which is not deductible on goods in case of their spoil, loss is reflected on the debit of account 17 "Settlings with different debtors and creditors" (sub-account 170 "Calculations for shortages") and account 17 credit "Settlings with different debtors and creditors" (sub-account 175 "The value added tax on goods purchased (works, services)").

The tax amount on value added, accepted to deduction on goods in case of their spoil, loss, is recovered by stornirovochny debit entry of account 17 "Settlings with different debtors and creditors" (sub-account 173 "Calculations with the budget") and to account 17 credit "Settlings with different debtors and creditors" (sub-account 175 "The value added tax on goods purchased (works, services)");

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