Chương IV Thông tư 23/2023/TT-BTC: Điều khoản thi hành

Chapter IV

IMPLEMENTATION CLAUSE

Article 17. Transitional clauses

1. If a fixed asset has been recorded in the accounting book of the agency, organization, unit or enterprise before the effective date of this Circular and the depreciation period and rate of such fixed asset specified in Appendix 01 issued together with this Circular or regulations of ministers, heads of central agencies or provincial-level People's Committees have been changed compared to regulations in Appendix 01 issued together with Circular. 45/2018/TT-BTC dated May 7, 2018 of the Minister of Finance or regulations of Ministers, heads of central agencies, provincial People's Committees before the effective date of this Circular, from fiscal year 2023, the annual depreciation expense of the asset shall be determined as follows:

Where:

The depreciation period of the similar asset shall be determined according to regulations in Appendix No. 01 issued together with this Circular, regulations of ministers, heads of central agencies, the provincial-level People's Committees as prescribed at point a, Clauses 1 and 2, Article 13 of this Circular.

The depreciation expense of the fixed asset of the last year of the depreciation period is the difference between the historical cost and the accumulated depreciation of such fixed asset

If the asset has been fully depreciated but it still has the residual value, the depreciation expense of 2023 is the residual value of the fixed asset by December 31, 2022.

2. If the historical cost of a fixed asset is changed before the effective date of this Circular and the historical cost criteria and residual value of the fixed asset have been re-determined to adjust the accounting book and apply accounting according to regulations of Clause 2, Article 10 of Circular No. 45/2018/TT-BTC dated May 7, 2018 of the Minister of Finance, from the fiscal year 2023, the annual depreciation expense of the fixed asset shall be determined according to the historical cost, which has been re-determined and audited, and the depreciation rate as prescribed in this Circular.

3. With regard to a fixed asset which obtains the decision to be provided and transferred before the effective date of Circular No. 45/2018/TT-BTC dated May 07, 2018 of the Minister of Finance (July, 02 2018) and is not recorded into the accounting book before such provision or transfer or is not revaluated during the process of provision or transfer, the receiving agency, organization, unit or enterprise shall revaluate such asset according to regulations in Clause 3, Article 6 of this Circular to record it into the accounting book and determine the annual depreciation expense according to regulations in Clause 2, Article 14, hereof to apply accounting to the fixed asset from fiscal year 2023.

4. From 2018 to 2022, if the agency, organization, unit or enterprise has not adjusted the value of land use right according to regulations in Article 103 of the Law on Management and Use of Public Property, the agency, organization, unit or enterprise shall adjust the value of land use right for accounting from the fiscal year 2023.

Article 18. Effect

1. This Circular comes into effect from June 10, 2023 and is applied from the fiscal year 2023.

2. This Circular replaces the Circular No. 45/2018/TT-BTC dated May, 07 2018 of the Minister of Finance on guidance on regime for management and calculation of the depreciation of fixed assets of agencies, organizations or units and fixed assets handed to enterprises by the State without calculation of the state capital portion of such enterprises.

3. During the implementation of this Circular, if a relevant document that is referred to in this Circular is amended or replaced, the later one shall prevail./.

4. Ministries, Heads of ministerial agencies and Governmental agencies, central authorities, the People's Committees of provinces and central-affiliated cities shall direct management and calculation of the depreciation of fixed assets of agencies, organizations or units and fixed assets handed to enterprises by the State without calculation of the state capital portion of such enterprises according to regulations in this Circular.