Circular 179/2012/tt-Btc: Regulations On Record, Evaluate, Treat The Exchange Rate Difference In The Enterprise

Original Language Title: Thông tư 179/2012/TT-BTC: Quy định về ghi nhận, đánh giá, xử lý các khoản chênh lệch tỷ giá hối đoái trong doanh nghiệp

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FINANCE MINISTRY
Number: 179 /2012/TT-BTC
THE SOCIALIST REPUBLIC OF VIETNAM.
Independence-Freedom-Happiness
Hanoi, October 24, 2012
IT ' S SMART
The regulation of record, evaluation, processing of exchange rate arbitrates in the business.
_____________________________
Business Law School in 2005;
Base of Protocol 118 /2008/NĐ-CP November 27, 2008 the Government provides for the functions, duties, powers, and organizational structure of the Ministry of Finance;
On the recommendation of the Director of Corporate Finance,
The Minister of Finance issued a regulatory review of the record, judging, handling the exchange rates of exchange rates in the business as follows:
Part A
GENERAL REGULATION
Number one. Applicable objects and adjuvable range
1. Subject applies:
It applies to the established business and operates in Vietnam by law. Non-applicable information for credit organizations is established and operates under the Law of Credit organizations.
For businesses established on the basis of the Agreement signed between the Government of the Socialist Republic of Vietnam and the Government of the States, if the Agreement has regulations on the processing of other exchange rates with respect to the guidelines at this Smart. It ' s on the rules of the Agreement.
2. The adjustment range:
This information guides the recognition, evaluation, handling of exchange rate arbitrates, and the conversion of financial reporting of overseas operations, overseas facilities of the business to Vietnam's business accounting currency.
The identification of income, expenses is excluded when determining income tax income for the exchange rate arbitrate in the business made by regulation at the corporate income tax legislation.
Article 2. Explain the word
The words used in this Information are understood as follows:
1. "Foreign currency" is another currency unit with the accounting currency unit of a business.
2. "The Foreign Service" is a foreign currency-collecting business and for calculating.
3. "The exchange rate" is the exchange rate between the two currency units (the following call for an abbreviation ratio).
4. "Exchange Rate Deviation" is the difference that arise from the actual exchange or the regulation of the same amount of foreign currency to the accounting currency in terms of different exchange rates (the latter is called the rate difference).
5. Money items with foreign origin " are money and existing cash equivales, receivable, or debt payable by a fixed amount of money or can be determined, namely:
-Money or money equals currency.
-The debt must be collected, the debt must be paid with foreign origin, except:
+ The advance paid to the seller by foreign currency and the expenses paid in advance by foreign currency.
+ Revenue-to-foreign currency receivable revenues and foreign currency paid expenses.
-The deposit, wager, deposit of money or money equivalent of the right to return, deposit, deposit, deposit, deposit, or money equivalent of the currency must be reimbursable.
-loans, loans, or deposits in foreign currency.
6. "Foreign operations" are branches, subsidiaries, affiliated companies, joint venture companies, business cooperation, other business-related activities of the reporting business that the operation of these units is carried out in a foreign country outside the United States. Vietnam.
7. "Foreign Facility" is an overseas operation, whose activities are an independent part of the reporting business.
Third. Vietnam ' s foreign exchange rate
1. For the payment of currency-derived currencies that arise in the fiscal year, the actual rate at the time of the Commercial Bank ' s foreign currency exchange rate where the business has an exchange of births in accordance with its regulation. the law.
2. For reassessment of the last foreign currency accounting, the purchase rate of the Commercial Bank where the business opened its account at the time of the financial reporting.
Article 4. For the foreign currency the State Bank of Vietnam does not announce the exchange rate of "Copper" Vietnam.
1. The business case opens an account at a commercial bank that has the currency ' s rate of currency, when the trade is done according to the trading rate of the commercial bank that the business opens to account at the time of reassessment of the balance. The currency is the end-of-the-term currency.
2. The case of an open business account at many commercial banks has announced the rate of the currency of that currency, when the process is made in accordance with the average transaction rate of commercial banks that the business opens to account at the time of reassessment. the balance of currency items with the end of the original currency.
3. The case of commercial banking where the business opened an unannounced account of the currency of that currency, when the regulation passed through the rate of some of the key foreign units that the State Bank of Vietnam announced at a rate of equal trade. the banks of banks at the time of reassessment of the balance of currency items with the end of the end foreign currency.
Part B
SPECIFIC REGULATION
Article 5. Handling the exchange rate disparities in the period of construction investment to form the fixed assets of the newly established business, have not yet entered the operation.
In the period of construction investment to form the fixed asset of the newly established business, which has yet to go into operation, the exchange rate difference arise when payment of currency deposits is of foreign origin to implement the investment of construction and arbitrate. Exchange prices arise when reassessment of monetary accounts with the end of fiscal year's fiscal year is mirrorated, separately on the Balance Sheet. When the fixed asset completes the build-up investment, the exchange rate difference arise during the construction investment phase (after the offset of the increase and the deflation difference) is allocated gradually into the financial or cost operating revenue. Finance, the allocation period is no more than five years since the work went into operation.
Number 6. Processing of the business-era exchange rate arbitrate is operating the business production.
In the manufacturing phase, business, including the investment of construction to form the fixed asset of the operating business, the exchange rate difference arose from the foreign currency transactions of currency-derived currencies that would be accounted for. in the financial operating revenue or financial expenses in the financial year.
Article 7. Handling the dissolution rate arbitrates of the dissolution period, the business liquing
In the dissolution phase, the business liquefactor, the exchange rate arbiter that develops foreign currency transactions of foreign currency currency items will be accounted for in liquing income or the cost of the business liquorage.
Article 8. Exchange rate discrimination due to reassessment of the last foreign currency balance (quarter, annuation, year)
1. At the end of the accounting period, the business must reassess the balance of cash, deposits, money is shifting, the debt receivable, the debt payable has the foreign currency out of "copper Vietnam" at the rate of regulation at Article 3, Article 4 of this Information. The exchange rate difference is due to reassessment of the final balance after the spread of the difference and the deflation gap, the remaining difference being accounted for in the financial operating revenue or financial costs of the period.
2. The business is not divided or paid dividends on the rate of arbitrate arbitrate due to reassessment of the late foreign currency accounting of the currency of foreign currency.
Article 9. Handling the exchange rate difference when the merger of the financial statements of operations, the offshore facilities into the financial statements of the business, is not.
1. The exchange rate deviation from the financial reporting conversion of overseas operations to the Vietnam business accounting currency is accounted for in the financial operating revenue or the financial cost of the business.
2. The exchange rate deviation from foreign-based financial reporting conversion to Vietnam ' s business accounting currency is mirrorated, separately on the Balance Sheet until the basis of the base bar in foreign countries and then the difference in the balance sheet. the exchange price will be accounted for in the financial operating revenue or the financial cost of the business.
The calculation of the exchange rate of exchange rates from Article 5 to Article 9 says on the implementation by the current accounting regime.
Section C
TRANSITION RULES
Article 10. Transition rules
For businesses that have reassessed the debt foreign currency pay the end of the year according to Digital News 201 /2009/TT-BTC On October 15, 2009, of the Ministry of Finance that the exchange rate difference does not allocate to the cost of the year, the unallocated balance is allocated to the financial cost of the business, the time of allocation according to the number of years remaining since this date. It works.
Section D
THE ORGANIZATION.
Article 11. Execution clause
The investment has been in effect since December 10, 2012, applicable from fiscal year 2012 and replacing the U.S. Digital and Private Information. 201 /2009/TT-BTC October 15, 2009, the Ministry of Finance is concerned about the handling of exchange rates of exchange rates in the business.
During the implementation process, if there is difficulty in the process, the proposal for units reflects in time to the Ministry of Finance to review, resolve the ./.

KT. MINISTER.
Chief.

(signed)

Xiaowen Chen