RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of March 15, 2000 No. 19

About approval of the instruction about procedure for reflection in financial accounting of the value added tax by state-financed organizations

According to 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 April 11, 1997 N334 (Collection of decrees, presidential decrees and orders of the Government of the Republic of Belarus, 1997, N 12, Art. 421; N 20, of Art. 710; N 36, of Art. 1132; 1998, N 22, Art. 592; N 28, of Art. 733; National register of legal acts of the Republic of Belarus, 1999, N 29, 5/507; N 79, 5/1787; 2000, N 5, 5/2308; N 20, 5/2606), the Ministry of Finance of the Republic of Belarus decides:

1. Approve the Instruction about procedure for reflection in financial accounting of the value added tax by state-financed organizations it (is applied).

2. It is excluded

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus on March 15, 2000 No. 19

The instruction about procedure for reflection in financial accounting of the value added tax by state-financed organizations

1. State-financed organizations (further - the organizations) in case of purchase of goods (works, services) within budgetary appropriations on expenses according to the estimate pay their all-in cost including tax on value added (further for the text - tax) which is not subject to compensation. Goods purchased (works, services) in financial accounting consider at full cost with reflection of expenses by the corresponding codes of economic (subject) classification of budgets expenses of the Republic of Belarus.

2. The organizations which are engaged in economic activity (production and sales of goods (works, services), the tax amounts paid to suppliers on goods purchased (works, services) for these activities consider according to Chapter 12 of the Tax code of the Republic of Belarus.

3. Sub-account 175 "The value added tax on goods purchased (works, services) of" account 17 "Settlings with different debtors and creditors" is applied to accounting of tax on goods purchased (works, services).

On the debit of sub-account 175 "The value added tax on goods purchased (works, services)" in correspondence with the credit of the corresponding sub-account of accounts 11 "Current accounts on extrabudgetary funds", 12th "Cash desk", 13 "Other money", 15 "Settlings with suppliers and buyers", 16 "Settlings with advance holders", 17 "Settlings with different debtors and creditors" are reflected tax amounts, paid in case of purchase of goods (works, services).

Calculations of the organizations with the budget for tax in financial accounting are reflected in sub-account 173 "Calculations with the budget".

On the debit of sub-account 173 "Calculations with the budget" in correspondence with sub-account 175 credit "The value added tax on goods purchased (works, services)" the tax amounts which are deductible are reflected.

The tax amounts transferred into the budget are reflected on the debit of sub-account 173 "Calculations with the budget" and sub-account 111 credit "The current account on extrabudgetary funds".

4. In case of detection of shortage of goods the tax amount relating to these goods is written off from sub-account 175 credit "The value added tax on goods purchased (works, services)" in the debit of sub-account 170 "Calculations for shortages". In case of detection of shortage of goods after write-off of tax amounts from sub-account 175 "The value added tax on goods purchased (works, services)" the amount of the offset tax relating to missing goods shall be recovered by stornirovochny debit entry of sub-account 173 "Calculations with the budget" and to sub-account 175 credit "The value added tax on goods purchased (works, services)".

5. The tax amounts paid in case of purchase of goods (works, services) used in case of production (works, services) exempted according to Chapter 12 of the Tax code of the Republic of Belarus from the taxation are written off from sub-account 175 credit "The value added tax on goods purchased (works, services)" in the debit of the corresponding sub-accounts of account 08 "Production costs", or in the debit of sub-account 211 "Expenses on extrabudgetary funds".

6. Analytics of payment under sub-account 175 are kept on cards ф.292 - and (in the book f. 292).

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