Guidance on Accounting for Account 132 Effective from January 1, 2019

The accounting of account 132 has been amended and supplemented by Circular 112. To be specific, the new regulations are as follows:

1. Accounting Principles

- This account reflects the payment relationship between the customs authorities and the payers of fees and charges concerning the payable, collected, and collectible amounts of customs fees, goods and vehicle transit fees;- Payment accounting with fee and charge payers must be detailed according to each type of receipt and each type of fee and charge;- The basis for accounting includes: Collection schedules for fees and charges; adjustment documents; schedules deducted from pre-paid taxes, fees, and charges; receipts; payment information sent to the customs electronic payment gateway by the bank and the State Treasury but not yet recorded by the State Treasury; debt cancellation decisions.

2. Structure and Contents Reflected in Account 132 - Receivable Fees and Charges

- Debit Side:- Amount of fees and charges receivable from the fee payers; documents adjusting the receivable fees and charges.- Credit Side:- Payment information sent to the customs electronic payment gateway by the bank and the State Treasury but not yet recorded by the State Treasury;- Fees and charges collected in cash by customs authorities;- Fees and charges paid into the deposit account of the customs authorities or the state budget by the fee payers;- Fees and charges of express delivery enterprises deducted from pre-paid fees and charges;- Cases reducing the receivable obligations of the fee payers.

See the guidance on other accounts in Circular 112/2018/TT-BTC effective from January 1, 2019.

- Thanh Lam -

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