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RESOLUTION OF THE MINISTRY OF FINANCE OF THE REPUBLIC OF BELARUS

of June 30, 2012 No. 41

About approval of the Instruction for financial accounting of the value added tax and recognition voided some regulatory legal acts of the Ministry of Finance of the Republic of Belarus and separate structural element

(as amended of the Resolution of the Ministry of Finance of the Republic of Belarus of 24.08.2012 No. 51)

Based on subitem 4.32 of item 4 and 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 "Questions of the Ministry of Finance of the Republic of Belarus", the Ministry of Finance of the Republic of Belarus DECIDES:

1. Approve the enclosed Instruction for financial accounting of the value added tax.

2. Recognize invalid:

the resolution of the Ministry of Finance of the Republic of Belarus of December 31, 2004 No. 193 "About modification and amendments in the resolution of the Ministry of Finance of the Republic of Belarus of December 16, 2003 No. 176" (The national register of legal acts of the Republic of Belarus, 2005, No. 18, 8/12008);

Item 3 of the resolution of the Ministry of Finance of the Republic of Belarus of May 26, 2010 No. 60 "About modification and amendments in some resolutions of the Ministry of Finance of the Republic of Belarus and recognition voided some regulatory legal acts of the Ministry of Finance of the Republic of Belarus" (The national register of legal acts of the Republic of Belarus, 2010, No. 147, 8/22441).

3. This resolution becomes effective after its official publication.

Minister A. M. Harkovets

Approved by the Resolution of the Ministry of Finance of the Republic of Belarus of June 30, 2012 No. 41

Instruction for financial accounting of the value added tax

1. This Instruction determines procedure for reflection in financial accounting of the value added tax in the organizations (except for banks, the non-bank credit and financial organizations, state-financed organizations) (further – the organizations).

2. The tax amounts which are payable, paid by the organization on value added are reflected:

on the debit of account 18 "The value added tax on goods purchased, works, services" and the credit of accounts 51 "Settlement accounts", 52nd "Currency accounts", 55 "Special accounts in banks" – on tax amount on the value added paid based on the customs declaration when importing fixed assets, intangible assets, goods, other assets (further – goods) on the territory of the Republic of Belarus (except for the value added tax which is subject to payment (paid) in republican budget in case of commodity importation on territory of the Republic of Belarus with territory of state members Customs union);

on the debit of account 18 "The value added tax on goods purchased, works, services" and account 68 credit "Calculations for taxes and fees" – on tax amount on the value added which is subject to payment in the republican budget in case of commodity importation on the territory of the Republic of Belarus from the territory of state members of the Customs union;

on the debit of account 18 "The value added tax on goods purchased, works, services" and the credit of accounts 60 "Settlings with suppliers and contractors", 76 "Settlings with different debtors and creditors" and other accounts – on tax amount on value added on goods purchased, works, services at the sellers who are taxpayers on value added in the territory of the Republic of Belarus;

on the debit of account 18 "The value added tax on goods purchased, works, services" and account 68 credit "Calculations for taxes and fees" – on tax amount on the value added estimated in case of payment (other termination of the obligation) for the goods acquired in the territory of the Republic of Belarus, works, services at the foreign organizations which are not performing activities in the Republic of Belarus through permanent mission and not consisting with respect thereto on accounting in tax authorities of the Republic of Belarus;

on the debit of account 18 "The value added tax on goods purchased, works, services" and the credit of accounts 66 "Calculations for short-term loans and loans", 67 "Calculations for long-term loans and loans" – on tax amount on the value added shown by the creditor in case of receipt of goods by the borrower according to the loan agreement in the form of things;

on the debit of account 18 "The value added tax on goods purchased, works, services" and the credit of accounts 06 "Long-term financial investments", 58 "Short-term financial investments" – on tax amount on the value added shown by the borrower in case of return to the creditor of goods according to the loan agreement in the form of things;

on the debit of account 18 "The value added tax on goods purchased, works, services" and the credit of other accounts according to the legislation.

3. The tax amounts estimated in the organization on value added are reflected:

3.1. on the debit of account 90 "The income and expenses on the current activities" and account 68 credit "Calculations for taxes and fees" – on tax amount on the value added estimated on:

to the realized goods (except for fixed assets, intangible assets, profitable investments in tangible assets, investments in non-current assets, the equipment to installation, construction materials at the customer, the builder (further – investment assets), to the performed works rendered to services;

to the donated goods (except for investment assets), to works, services;

to the goods (except for investment assets) shipped out of limits of the Republic of Belarus in case of non-confirmation of justification of application of tax rate on value added in the amount of zero (0) percent in the terms established by the legislation. After confirmation of justification of application of tax rate on value added in the amount of zero (0) percent stornirovochny debit entry of account 90 "The income and expenses on the current activities" and to account 68 credit "Calculations for taxes and fees" is made;

to other incomes on the current activities;

3.2. on the debit of account 91 "Other incomes and expenses" and account 68 credit "Calculations for taxes and fees" – on tax amount on the value added estimated on:

to the realized investment assets;

gratuitously to the transferred investment assets;

to the investment assets shipped out of limits of the Republic of Belarus in case of non-confirmation of justification of application of tax rate on value added in the amount of zero (0) percent in the terms established by the legislation. After confirmation of justification of application of tax rate on value added in the amount of zero (0) percent stornirovochny debit entry of account 91 "Other incomes and expenses" and to account 68 credit "Calculations for taxes and fees" is made;

3.3. on the debit of accounts 06 "Long-term financial investments", 58 "Short-term financial investments" and to account 68 credit "Calculations for taxes and fees" – on tax amount on the value added estimated in the creditor by transfer of goods to the borrower according to the loan agreement in the form of things;

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