Ministry of Finance answers about expenses for businesses self-repairing fixed assets

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The Ministry of Finance answers questions about the calculation of fixed asset repair costs performed by the internal repair team into the public service order price.

Self-performing fixed repair

As a business with 100% state-owned charter capital, operating in the field of public service provision, readers send questions to the Ministry of Finance's Electronic Information Portal.

In the process of developing public service order prices, the Company encountered problems related to the provisions of point d, clause 4, Article 9 of Circular No. 45/2024/TT-BTC dated July 1, 2024 of the Ministry of Finance promulgating the general pricing method for goods and services priced by the State.

Point d, Clause 4, Article 9 of Circular No. 45/2024/TT-BTC stipulates that general production costs include:

Outsourcing service costs for workshop operations such as: electricity, water, telephone costs, fixed asset repair costs, fixed asset rental costs, costs paid to contractors (if any), other outsourcing costs (if any)...".

In case the Company has an internal repair team and performs the entire repair of fixed assets to serve the business's production and service provision activities, without incurring outsourcing costs, readers are concerned:

Is the actual cost incurred for fixed asset repair activities performed by the internal repair team determined as a reasonable cost and included in the general production cost when preparing the price plan?

Reasonable, valid is included in the price

Answering the above problems, the Ministry of Finance informed:

Appendix No. 02 issued together with the Price Law stipulates the List of goods and services priced by the State, which includes: Public products and services (public nghiệp vụ services and public service products and services) in the list issued by competent authorities (excluding public nghiệp vụ services for management and maintenance of railway infrastructure), using state budget from regular expenditures and under the authority of central agencies and organizations placing orders; Public products and services (public nghiệp vụ services and public service products and services) in the list issued by competent authorities, using state budget from regular expenditures and under the authority of central agencies and organizations placing orders.

For goods and services under the List of goods and services valued by the State, valuation shall be carried out according to the provisions of the law on prices in the Law on Prices and guiding documents, valuation methods shall be implemented according to the provisions of Circular No. 45/2024/TT-BTC promulgating the general valuation method for goods and services valued by the State; for goods and services specified in Clause 4, Article 3 of the Law on Prices and goods and services that the law has regulations on separate valuation methods, they shall be implemented according to separate valuation methods.

In case of choosing the cost method in Circular No. 45 to determine the price, the implementation of determining costs and factors included in the price shall be carried out according to the provisions from Article 5 to Article 12 of Circular No. 45; in which, Article 9 stipulates that the production cost of domestically produced goods and services includes: direct material costs, direct labor costs, direct depreciation costs of fixed assets, general production costs, other reasonable and valid costs (if any) according to the provisions of law serving production not mentioned above.

Regarding general production costs, Clause 4, Article 9 stipulates:

General production costs include general production service costs incurred in workshops, departments, groups, teams, departments, construction sites and other departments (hereinafter referred to as workshops) according to legal regulations serving the production and business of goods and services, including:

Workshop staff expenses: are salaries, salary allowances to be paid to workshop managers and social insurance, health insurance, unemployment insurance and trade union funds deducted according to the provisions of the Labor Code, regimes, policies of the State and relevant laws;

Material costs for workshops such as materials used to repair fixed assets for workshops, materials used for workshop management, temporary camp costs;

The cost of depreciation of fixed assets used for the operation of workshops is implemented according to the regulations of the Ministry of Finance on the regime of management, use and depreciation of fixed assets. In case it has been calculated in Clause 3 of this Article, it is not calculated in this clause;

Outsourcing service costs for workshop operations such as: electricity, water, telephone costs, fixed asset repair costs, fixed asset rental costs, costs paid to contractors (if any), other outsourcing costs (if any);

Expenses in reasonable and valid money other than the above-mentioned costs according to legal regulations to serve the operation of the workshop".

Thus, the cost of repairing fixed assets serving production activities and service provision is included in the general production cost; if this cost is reasonable and valid, it is included in the price (without depending on the method of implementation, self-made or purchased outside).

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