Transportation costs include payment for transportation services of a third party organizations for the transportation of goods (carrier, transport company); payment for goods loading / unloading services; payment for storage of cargo; the cost of materials used to equip vehicles.
Instructions
Step 1
The list of transport costs for taxation purposes is not established by tax regulations. This means that for tax accounting purposes, you can take the same transportation costs as in accounting. Just be sure to include a list of these costs in the organization's accounting policy for taxation.
Step 2
The very same procedure for reflecting transportation costs in tax accounting depends on the terms of the agreement between the buyer and the seller. Depending on what conditions are stipulated in the contract, the costs of transporting goods can be borne by both the seller-supplier and the buyer.
Step 3
If the contract stipulates that transport costs are borne by the buyer, then these costs will be attributed to the costs of procurement and delivery of goods.
Step 4
The Ministry of Finance stipulates two possible options for calculating transport costs, depending on the terms of the contract.
Step 5
The first option is when they are included in the price of the product, which already includes all the costs of delivering the product to the consumer. In this case, in accordance with the contract, the transport costs are not reimbursed to the transport company by the buyer separately and are included in the sales costs from the supplier in the accounting records.
Step 6
The second option provides that the sale price is agreed by the parties on the terms of the "destination", which is also negotiated. In this case, the supplier issues an invoice for the goods, in which the transportation costs are highlighted in a separate line, while the buyer pays for delivery separately from the cost of the goods specified in the contract.
Step 7
The supplier must confirm with primary documents the costs of transportation and their actual payment. The agreement is drawn up in two parts. The first part deals with the terms of the sale and purchase agreement, and the second - about the organization of transport services, in which the supplier acts as an agent, and the buyer - as a principal.
Step 8
In this case, transportation costs are reimbursed to the shipping company by the buyer additionally and are reflected in the supplier's accounting as settlements with different debtors and creditors. If it is stated in the supply agreement that the buyer compensates transportation costs in excess of the cost, then the amount of compensation will become the income of the supplier.
Step 9
The Methodological Guidelines for Accounting of the Inventor's Office states that the amounts (excluding VAT) that the purchasing organization pays for the transportation and loading of products in excess of the price of the goods specified in the contract are reflected depending on who is the contractor.
Step 10
If the transportation was carried out on our own and with the transport of the supplier, the expenses will be reflected in the credit of the sales account, i.e. as an implementation. If the work was performed by a third-party specialized transport company or individuals, it is debited from the credit of the settlement account (without being reflected in its own revenue).
