Approved by the Tax Committee under the Government of the Republic of Tajikistan of September 2, 2007

Regulations on procedure for carrying out inventory count of property and availability of turnover of money of taxpayers (except property of premises) in case of tax audit

1. General provisions

1.1. This Provision is developed based on Item 11 of article 118 of the Tax Code of the Republic of Tajikistan.

1.2. This Provision establishes procedure for carrying out inventory count of property of taxpayers in case of tax audit.

Taxpayers in this Provision are understood as the companies and individual entrepreneurs to whom according to the Tax code RT the obligation is assigned to pay, taxes and (or) charges.

The decision on carrying out inventory count of property of the taxpayer in the location of the taxpayer, and also in the location belonging to it real estate and vehicles in case of tax audit, procedure and terms of its carrying out, structure of inventory-taking group is accepted by the checking inspector of taxes (the head of group of inspectors of taxes). The structure of inventory-taking group appears the order of the head of the taxpayer.

1.3. The property is implied as types of objects of the civil laws relating to property according to the Civil code of the Republic of Tajikistan.

For the purposes of this provision fixed assets, intangible assets, the financial investments, production supplies, finished goods, goods, other inventories, money, receivables and payables and other financial and other assets according to article 34 of the Tax Code of the Republic of Tajikistan belong to property of the taxpayer.

The list of the property which is subject to inventory count can include any property of the taxpayer irrespective of its location. Inventory count of property of the taxpayer is made on its location and each responsible person. Except own means, inventory counts are subject the values belonging to other companies, but being stored or in temporary use of this company and others.

1.4. Main objectives of inventory count are:

identification of the actual availability of property and unaccounted objects, taxable, comparison of the actual availability of property to accounting data; check of completeness of recognition of obligations.

Tax authorities have the right to attract to carrying out inventory count of property of the taxpayer of experts, translators and other specialists according to Item 19 of article 118 of the Tax Code of the Republic of Tajikistan.

2. General rules of carrying out inventory count

2.1. The list of the property checked in case of tax audit is established checking proceeding from need when checking.

2.2. Check of the actual availability of property is made with the assistance of officials, responsible persons, employees of accounting service of the taxpayer.

2.3. When carrying out inventory count of property of the taxpayer in case of exit tax audit the inventory-taking group fills the forms given in appendices No. 3-12 to this Provision.

2.4. Prior to check of the actual availability of property of inventory-taking group it is necessary to receive the last at the time of inventory count receipt and issue documents or reports on movement of material values and money.

The chairman of inventory-taking group vises all receipt and issue documents attached to registers (reports) with indication of "before inventory count on"... "(date)" that shall form the basis for determination of remaining balance of property by the beginning of inventory count according to accounting data.

Responsible persons give receipts that by the beginning of inventory count all issue and receipt documents on property are handed over in accounts department, are reflected in accounting registers or the commissions and all values which arrived on their responsibility are transferred credited, and disposed are written off also persons having imprests on acquisition or warrants for receipt of property give Similar receipts.

2.5. Checking it is authorized to carry out inventory count for any day, however it is the most reasonable to carry out inventory count on the 1st as for this date the balance on all synthetic and analytical accounts of financial accounting is removed, are created this for creation of collation sheets and identification of results of inventory count. Inventory count of values shall begin in time which is strictly specified on hand.

2.6. Data on the actual availability of property register in inventory registers or inventory reports at least, than in duplicate.

2.7 The inventory-taking group provides completeness and accuracy of entering into inventories of the fixed assets this about the actual remaining balance, inventories, goods, money and other property, correctness and timeliness of registration of materials of inventory count.

2.8. The actual availability of property in case of inventory count is determined by obligatory calculation, weighing, measurement. The taxpayer shall create the conditions providing complete and exact check of the actual availability of property at the scheduled time (to provide with labor power for preponderating and cargo transfer, technically operational weight economy, measuring and survey meters, measuring container).

On the materials and goods which are stored in the unimpaired packaging of the supplier, the number of these values can be determined based on documents in case of obligatory check in nature (on selection) parts of these values. Determination of weight (amount pl) of bulk materials is allowed to be made based on measurements and technical calculations.

2.9 Inventory registers can be completed as with use of means of computer and other organizational facilities, and manual method.

Inventories are filled in with ink or ball pen accurately and clearly, without blots and erasures. Names of inventarizuyemy values and objects, their quantity specify in inventories according to the nomenclature and in the units of measure accepted in accounting.

On each page of the inventory specify in cursive script number of sequence numbers of material values and general result of quantity in the natural indicators which are written down on this page regardless of in what units of measure (pieces, kilograms, meters, etc.) these values are shown. Error correction is made in all copies of inventories by deletion of the wrong records and putting down over crossed out the correct records. Corrections shall be stipulated and signed all members of inventory-taking group and responsible persons.

2.10. In inventories it is not allowed to leave the blank lines, on the last pages the blank lines procherkivatsya.

On the last page of the inventory the mark about check of the prices, rating and calculation of results behind signatures of members of inventory-taking group shall be made.

2.11. Inventories are signed by all members of inventory-taking group, responsible persons. At the end of the inventory responsible persons give the receipt confirming check of property by the commission at their presence and about absence to members of the commission of any claims.

2.12. If inventory count of property is carried out within several days, then rooms where material values are kept, when leaving inventory-taking group shall be sealed. At the same time the key from the lock remains at person responsible for material values, and ice cream at the chairman of inventory-taking group.

2.13. It is necessary to apply forms of primary accounting documentation on inventory count of property according to appendices No. 3-12 to this Provision to registration of inventory count or the forms developed by the ministries, departments. In particular, in case of inventory count of the working cattle and productive animals, bird and bee colonies, long-term plantings, nurseries.

3. Rules of carrying out inventory count of separate types of property

About carrying out inventory count and checks see also Methodical instructions for inventory count of property and financial liabilities approved by the order of the Ministry of Finance of the Republic of Tajikistan of May 22, 1997 N45.

Inventory count of fixed assets

Inventory count of intangible assets

Inventory count of the financial investments

Inventory count of inventory items

Inventory count of work in progress and deferred expenses

Inventory count of animals and young growth of animals

Inventory count of money, cash documents and forms of documents of the strict reporting

Inventory count of calculations

Inventory count of fixed assets

3.1. Prior to inventory count it is recommended to check:

a) availability and condition of inventory cards, stock record books, lists and other registers of analytics;

b) availability and condition of technical data sheets or other technical documentation;

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