All expenses (both direct and indirect) custodians (warehouses) has the right to recognize in the current reporting (tax) period (paragraph 3, clause 2, article 318 of the Tax Code of the Russian Federation).
If the organization uses the cash method, then recognize income and expenses only after they are paid (clauses 2 and 3 of article 273 of the Tax Code of the Russian Federation).
An example of reflection in accounting and taxation of income and expenses associated with the provision of services under a contract for the storage of materials
Alpha LLC (goods warehouse) accepted for safekeeping from Master Production Company LLC a batch of cement worth 500,000 rubles. The term of the storage agreement is 6 months (from February 1 to July 29). The cost of storage services for the entire period of the contract is 35,400 rubles. (including VAT - 5400 rubles). In addition, when receiving and returning cement, Alfa provides the Master with services for its unloading (in February) and loading (in July). The cost of unloading is 6018 rubles. (including VAT - 918 rubles), and the cost of loading - 7080 rubles. (including VAT - 1080 rubles). According to the contract, Master pays for all services of the warehouse at a lump sum at the end of the storage period. In fact, the money for the services rendered was received on the account of Alfa on July 29 in the amount of 48,498 rubles. (35,400 rubles + 6018 rubles + 7080 rubles).
The cost of services provided by Alfa in accounting and tax accounting is:
- storage of cement - 3000 rubles. per month;
- unloading - 3700 rubles;
- loading - 4400 rubles.
Alpha is using common system taxation, income and expenses are determined on an accrual basis.
According to accounting policy, in accounting and tax accounting, income from the provision of services under contracts, the validity of which exceeds one month, is recognized evenly on the last day of each month. Costs associated with the provision of services are included in the reporting period in which they were carried out (without distribution to the balance of work in progress).
Monthly revenue from the sale of storage services without VAT is:
(35 400 rubles - 5400 rubles) : 6 months = 5000 rubles.
The amount of VAT on the proceeds from the sale of storage services for the month is equal to:
5000 rub. × 18% = 900 rubles.
The following entries were made in Alpha's accounting.
In February:
Debit 002
- 500,000 rubles. - cement from "Master" was accepted for safekeeping;
- 6700 rub. (3000 rubles + 3700 rubles) - costs for storage and unloading of cement are taken into account;
Debit 62 Credit 90-1
- 11 918 rubles. (5900 rubles + 6018 rubles) - revenue from the provision of services for the storage and unloading of cement is reflected;
Debit 90-2 Credit 20
- 6700 rub. (3000 rubles + 3700 rubles) - the cost of services rendered is formed;
- 1818 rubles. (918 rubles + 900 rubles) - VAT charged on services rendered.
From March to June inclusive:
Debit 20 Credit 02, 10, 25, 26, 68, 69, 70
- 3000 rub. - accounted for the cost of storage of cement;
Debit 62 Credit 90-1
- 5900 rub. - reflected the proceeds from the provision of services for the storage of cement;
Debit 90-2 Credit 20
- 3000 rub. - formed the cost of services rendered;
Debit 90-3 Credit 68 sub-account "VAT calculations"
- 900 rubles. - VAT charged on services rendered.
In July:
Credit 002
- 500,000 rubles. - the cement was returned to the bailor;
Debit 20 Credit 02, 10, 25, 26, 68, 69, 70
- 7400 rubles. (3000 rubles + 4400 rubles) - costs for storage and loading of cement are taken into account;
Debit 62 Credit 90-1
- 12 980 rubles. (5900 rubles + 7080 rubles) - income from the provision of services for the storage and loading of cement was recognized;
Debit 90-2 Credit 20
- 7400 rubles. (3000 rubles + 4400 rubles) - the cost of services rendered is formed;
Debit 90-3 Credit 68 sub-account "VAT calculations"
- 1980 rub. (900 rubles + 1080 rubles) - VAT charged on services rendered;
Debit 51 Credit 62
- 48 498 rubles. - received money from the bailor.
Data on the tax base for VAT and income tax for the period of validity of the storage agreement are given in the table:
| Month (period) | Type of services rendered | Revenue subject to VAT and income tax | Expenses that reduce the tax base for income tax |
| February | Cement unloading and storage during February | 10 100 rub. (5100 rubles + 5000 rubles) | 6700 rub. (3700 rubles + 3000 rubles) |
| March-June | Cement storage | 20 000 rub. (5000 rubles × 4 months) | 12 000 rub. (3000 rubles × 4 months) |
| July | Cement storage in July and its loading | 11 000 rub. (6000 rubles + 5000 rubles) | 7400 rub. (4400 rubles + 3000 rubles) |
| Total | 41 100 rub. | 26 100 rub. |
|
Situation: can a custodian organization (warehouse) take into account the costs of insuring property accepted for safekeeping when calculating income tax?
According to the latest clarifications of the Russian Ministry of Finance, it is impossible. The tax department believes that the costs can be taken into account.
In a letter dated April 28, 2009 No. 03-03-06/1/285, the Ministry of Finance of Russia indicated that insurance of property accepted for storage does not apply to types of voluntary insurance, the costs of which can be taken into account when calculating income tax. It is explained like this.
In accordance with subparagraph 10 of paragraph 1 of Article 263 of the Tax Code of the Russian Federation, when calculating income tax, it is possible to take into account the costs of all types of voluntary insurance, which are a condition for the organization to operate by virtue of the legislation of the Russian Federation. Insurance of property accepted for safekeeping may be a condition of the contract concluded by the parties. By virtue of the legislation of the Russian Federation, such insurance is not a condition for the custodian to conduct its activities. This conclusion follows from paragraph 4 of Article 935 and Article 891 of the Civil Code of the Russian Federation. Therefore, the cost of this species voluntary insurance to be taken into account when calculating income tax under subparagraph 10 of paragraph 1 of Article 263 tax code RF is not possible.
Advice: there are arguments that allow organizations to take into account the cost of voluntary insurance property accepted for safekeeping as expenses that are a condition for the custodian's activities. They are as follows.
Organizations have the right to take into account the costs of all types of voluntary insurance, which are a condition for conducting their activities by virtue of the legislation of the Russian Federation (subclause 10, clause 1, article 263 of the Tax Code of the Russian Federation). At the same time, the concept of “condition for doing business” is not clarified in the legislation of the Russian Federation. However, it is incorrect to interpret this term as “a mandatory requirement of the legislation of the Russian Federation”. All mandatory requirements form a system compulsory insurance. The voluntary insurance system gives the organization the right to insure its activities against possible losses, but does not oblige to do so. This conclusion follows from the provisions of articles 927, 935 of the Civil Code of the Russian Federation and paragraphs 3 and 4 of article 3 of the Law of November 27, 1992 No. 4015-1.
In accordance with the requirements of the Civil Code of the Russian Federation, the custodian is obliged to ensure the safety of the property entrusted to him (Article 891 of the Civil Code of the Russian Federation). Otherwise, he compensates for damage to it (Article 902 of the Civil Code of the Russian Federation). In this regard, the expenses of the organization for the insurance of property accepted for safekeeping can be considered as a condition for the conduct of activities by the custodian. Especially if such a condition is specified in the storage agreement with the customer of services (Article 930, paragraph 4 of Article 421 of the Civil Code of the Russian Federation).
In letters dated April 17, 2007 No. 03-03-06/1/246, dated March 11, 2003 No. 04-02-05/2/13, the Ministry of Finance of Russia expressed a different point of view. In them, the financial department classified the costs of voluntary insurance of property accepted for safekeeping, according to subparagraph 7 of paragraph 1 of Article 263 of the Tax Code of the Russian Federation. This subparagraph allows you to take into account, when calculating income tax, the costs of voluntary insurance of property that the organization uses for the purposes of income-generating activities. The property accepted for safekeeping satisfies the specified condition, so the custodian can include the costs of its insurance in the reduction of the taxable base. shares this point of view and tax office(See, for example, Letter No. 20-12/53511 of the Federal Tax Service of Russia for Moscow dated June 16, 2006).
In this situation, the organization must make the final decision on the issue of accounting for income tax expenses on insurance of property accepted for safekeeping on its own. Arbitration practice on this issue has not yet developed.
Advice: to avoid disagreements with inspectors, to account for insurance costs when calculating income tax, economically justify and document them (clause 1, article 252 of the Tax Code of the Russian Federation).
In this situation, it would be reasonable to insure property in case of damage, theft, fire, etc. At the same time, indicate in the storage agreement that the property accepted for safekeeping must be insured at the expense of the custodian (Article 930, paragraph 4 of Art. 421 of the Civil Code of the Russian Federation).
In addition, when checking tax office can control whether the property transferred for safekeeping is not insured for the same reasons with the owner. If it is established that it is insured, the expenses of the custodian may be recognized as economically unjustified (clause 1, article 252 of the Tax Code of the Russian Federation).
charge VAT for the entire amount of remuneration for services rendered under a storage agreement (subclause 1 clause 1 article 146 of the Tax Code of the Russian Federation).
Situation: when should a custodian organization (warehouse) charge VAT on proceeds from the provision of storage services? The storage agreement was concluded for a period of more than one quarter. Payment for the services of the custodian during the period of the contract is not provided.
On the last day of the tax period in which the services are rendered.
From the literal interpretation of the provisions of subparagraph 1 of paragraph 1 of Article 167 of the Tax Code of the Russian Federation, it follows that VAT on the cost of services rendered must be charged after the storage agreement is fulfilled. That is, when goods and materials accepted for storage will be returned to the owner on the basis of an act in the form No. МХ-3.
However, with regard to continuing contracts, the terms of which do not provide for a monthly payment for the services provided, the financial department takes a different point of view. Letter No. 03-07-15/47 of April 4, 2007 from the Ministry of Finance of Russia states that under such agreements the contractor must determine the tax base for VAT on the last day of the tax period in which the services are rendered. Regardless of the frequency of payment for these services agreed by the parties. For more details, see How to charge VAT on the sale of goods (works, services).
Situation: can the purchasing organization deduct "input" VAT on goods and materials accepted for safekeeping before the transfer of ownership (goods and materials accounted for on account 002)?
Answer: no, it cannot.
The organization has the right to present the "input" VAT for deduction if the following four conditions are simultaneously met:
This procedure is established by Article 171 of the Tax Code of the Russian Federation.
Despite the fact that goods and materials are accepted for accounting (reflected on account 002), until the transfer of ownership of them from the seller to the buyer, they are not recognized as acquired (Articles 223 and 491 of the Civil Code of the Russian Federation). Since one of the mandatory conditions for deducting VAT is not met in this case, it is impossible to accept the amount of “input” VAT for deduction.
Upon receipt of goods and materials for storage, the right of ownership does not transfer to the custodian organization (warehouse) (clause 1, article 886 of the Civil Code of the Russian Federation). Therefore, when calculating a single tax, their value is not reflected in either income or expenses (Articles 39, 346.15 and 346.16 of the Tax Code of the Russian Federation).
Regardless of the chosen object of taxation service income for storage, include in the calculation tax base, after they are paid (clause 1 of article 346.17 of the Tax Code of the Russian Federation).
If an organization applies simplified taxation and pays single tax from the difference between income and expenses, then the costs associated with the provision of storage services, take into account after payment (Clause 2, Article 346.17 of the Tax Code of the Russian Federation).
Organizations that apply simplified taxation with the object of taxation "income" do not take into account expenses when calculating the single tax (Article 346.14 of the Tax Code of the Russian Federation).
By decision of local authorities, activities related to the provision of services for the storage of cars in paid parking lots (clause 1, subclause 4 clause 2 of article 346.26 of the Tax Code of the Russian Federation). The object of taxation of UTII is imputed income (clause 1 of article 346.29 of the Tax Code of the Russian Federation). Therefore, the receipt and disposal of goods and materials accepted for safekeeping do not affect the calculation of UTII. Since UTII payers are not exempted from accounting, they are required to keep off-balance sheet accounting for goods and materials accepted for safekeeping in the same manner as organizations using the general taxation system.
Accounting for business situations
Property in off-balance accounts
The provision of paid services for the storage of inventory items (inventory and materials) that belong to other persons is regulated by Ch. 47 Storage agreement of the Civil Code of the Russian Federation: one party (custodian) undertakes to store the thing transferred to it by the other party (bailor) and return this thing intact.
Storage agreement, which is concluded in writing and under which the custodian is commercial organization or non-profit organization which carries out storage as one of the goals of its professional activity ( professional keeper), the obligation of the bailee to accept for storage the thing from the bailor in contractual term.
Instead of concluding an agreement, a professional custodian may issue a simple (double) warehouse certificate. A double warehouse certificate consists of two parts - a warehouse certificate and a pledge certificate (warrant), separated from each other. In accordance with Art. Civil Code of the Russian Federation, in each part of the double warehouse receipt, the following shall be indicated:
Both parts of the document must have identical signatures of the authorized person and seals of the warehouse. A document that lacks the necessary details, signatures and seals is considered invalid.
In the event that the bailor does not take the goods and materials transferred for storage within the period established by the agreement, the keeper has the right to sell them, having warned their owner about this.
The receipt of goods and materials for storage from companies and entrepreneurs must be formalized by an act of acceptance and transfer in the form No. MX-1 Act on the acceptance and transfer of inventory items for storage. When goods and materials are returned to the bailor, an act is drawn up in the form No. MX-3 An act on the return of inventory items deposited. In addition to the list of returned goods and materials, the act indicates the volume and cost of services provided by the custodian.
After receiving the inventory items deposited, the bailor must confirm the absence of claims against the custodian organization by signing the journal in the form No. MX-2 Journal of inventory items deposited for storage.
A unified form of the document, which formalizes the acceptance of goods and materials for storage from the population, has not been established. Therefore, when providing storage services to the population, an organization can use standard forms No. MX-1, No. MX-2, No. MX-3 or similar documents developed independently: receipts, receipts, numbered tokens, etc. The issuance of any of these documents will mean that the storage agreement is concluded in writing.
Inventory and materials accepted for storage are not the property of the custodian, therefore they are accounted separately from his own property on the off-balance account 002 Materials accepted for safekeeping. Analytical accounting on this account is kept in the context of the owners of goods and materials, by varieties and storage locations.
The receipt of goods and materials for storage, as well as their return, should be reflected in the postings:
Incomes and expenses related to the provision of storage services, custodians (commodity warehouses) are reflected in accounting as income and expenses for ordinary activities.
For custodians (warehouses), revenue from the sale of storage services is income from common species activities. Revenue is taken into account in an amount equal to the amount of receipt Money and (or) the amount of receivables.
Revenue is reflected in accounting when the following conditions are met:
When providing storage services, all these conditions can be recognized as fulfilled on the last day of each month during the period of the contract. Moreover, the custodian has the right to receive remuneration, even if the storage agreement is terminated ahead of schedule. The reward will also be received in the event that the owner refuses the goods and materials transferred for storage. The custodian may sell such property (with the notification of the owner). Therefore, the proceeds from the provision of services under the storage agreement to the custodian should be reflected in accounting at the end of each reporting period, that is, monthly.
Off-balance account 002 is also used by enterprises in cases where they are not linked by a storage agreement.
In particular, the purchasing companies reflect on this account the goods and materials received:
In accounting, the movement of such goods and materials is reflected in the postings:
Supplier organizations reflect on account 002 goods and materials that became the property of the buyer, but were not taken out by him from the supplier's warehouse:
Inventory and materials recorded on account 002 in the above cases are not received under a storage agreement. Therefore, it is not necessary to draw up documents on the acceptance and transfer of goods and materials in the forms No. MX-1, No. MX-2 and No. MX-3. This is explained by the fact that these documents are intended for registration of the transfer of goods and materials under a storage agreement. And suppliers and buyers act within the framework of contracts of sale (supply). Therefore, in this case, when receiving and transferring goods and materials, draw up consignment notes.
In the event that the buyer stores goods and materials for a long time, the ownership of which has not been transferred to him, the tax authority may consider that he provides storage services to the seller free of charge. A similar situation may arise during long-term storage at the seller's warehouse of goods and materials not exported by the buyer. In both cases, organizations may be charged additional taxes.
In the event that the tax authority proves that a hidden form of a storage agreement has arisen in relations between companies, then the enterprise that stores the goods of its counterparty will be credited with non-operating income in the amount of the market value of the service provided free of charge for the storage of goods and materials.
In addition, on market value Organizations rendered free of charge services may charge VAT. An increase in the tax base for VAT and income tax will lead to the formation of arrears and, as a result, to the accrual of penalties and fines.
Claims tax authority in connection with the storage of goods and materials, which are not the property of the buyer until payment, as well as goods and materials not taken out of the seller's warehouse, can be avoided. To do this, the contract of sale (delivery) should include additional conditions.
Both the seller and the buyer need to prove that the storage of the counterparty's goods is carried out under the contract of sale (delivery). Evidence can be the provisions of the contract, according to which the buyer:
The procedure for calculating taxes related to the execution of a storage agreement depends on the taxation system used by the custodian organization (warehouse).
The organization applies the general system of taxation
The custodian should not take into account goods and materials accepted for storage, either as income or as expenses. Upon receipt of goods and materials for storage, the ownership of them does not transfer to the custodian, therefore, he does not have objects of taxation either for VAT, or for income tax, or for property tax (clause 1, article of the Civil Code of the Russian Federation, art. , art. , Art., Clause 1 of Art. Tax Code of the Russian Federation).
When calculating income tax, the custodian must take into account:
The procedure for recognition of income by a custodian who uses the accrual method depends on the duration of the storage agreement:
All expenses (both direct and indirect) custodians (warehouses) have the right to recognize in the current reporting (tax) period (paragraph 3, clause 2, art.
The organization transfers materials, an act to another organization for storage. Materials transferred for safekeeping are accounted for on the balance sheet account 10 "Materials". There is no transition (at the end of the storage agreement, the materials will be returned to the organization).
Under a storage agreement, one party (the custodian) undertakes to store the thing transferred to it by the other party (the bailor) and return this thing in safety (clause 1, article 886 of the Civil Code of the Russian Federation). In this case, the ownership of the thing transferred for storage does not transfer to the keeper (for more information, see letter dated 06.10.2010 N 03-07-06/191).
Based on paragraph 2 of Art. 5 federal law dated 06.12.2011 N 402-FZ "On Accounting" to objects accounting include, among other things, the assets of the organization, which should be understood as materials (clause 2 PBU 5/01 "Accounting for inventories").
From clause 7.2 of the Accounting Concept in market economy Russia (approved by the Accounting Methodological Council under the Ministry of Finance of Russia, the Presidential Council of the Institute professional accountants 12/29/1997) it follows that the economic asset, control over which the organization received as a result of the fait accompli of its economic activity and which should bring her economic in the future, is her asset. We believe that a necessary condition for exercising control over an asset is that the organization has the right of ownership to the relevant object. Therefore, materials owned by the organization, but transferred to storage, should be taken into account on its balance sheet.
According to clause 7 of the Methodological Guidelines for Accounting for Inventories, approved by Order of the Ministry of Finance of Russia dated December 28, 2001 N 119n (hereinafter - Guidelines), one of the main requirements for the accounting of inventories is a continuous, continuous and complete reflection of the movement (income, expense, movement) and the availability of stocks, therefore, the fact of transferring materials for storage to a third-party organization must be reflected in the accounting accounts (without write-off from the balance sheet).
The chart of accounts for financial and economic activities of organizations, approved by order of the Ministry of Finance of Russia dated October 31, 2000 N 94n, does not provide for a separate account to reflect information about materials transferred for storage. It follows from the Instructions for the Application of the Chart of Accounts for the accounting of financial and economic activities of organizations that information about the places of storage of materials is reflected in the analytical accounting on account 10 "Materials".
In our opinion, in order to reflect operations on the transfer of materials for storage to a third-party organization, a separate sub-account can be opened to account 10, for example, "Materials transferred for storage."
So, the transfer of materials for storage will be reflected in the posting:
The return of materials by the custodian will be reflected by a "reverse" posting.
The organization has received goods for which ownership has not yet been transferred to it, for example, the organization has not paid for the goods, they must be taken into account on the balance sheet - read the article.
Question: We buy goods from a supplier, the supplier is located in Krasnodar. 03/30/2017 the supplier carries out the shipment of the goods to our address and at the same time, on the same date, conducts the Act for the responsible storage of the goods with the supplier. And then on April 06 we brought the goods to the Crimea: how to correctly reflect in the accounting this operation, I can’t record the arrival of goods from 03/30/2017 in my accounting? The supplier provides a reconciliation report for the 1st quarter of 2017, and he shows a shipment from 03/30/2017, I, as a buyer, by definition, cannot have it maybe, accordingly, I can’t sign the reconciliation act, how to properly motivate this to the supplier?
In accounting, goods are recognized as any inventory items (inventory and materials) purchased for further sale ( Instructions for the chart of accounts).
Accounting: admission
In accounting, you can post the goods after it is completed its acceptance and checking by quantity ( clause 2.1.13 methodological recommendations approved letter of the Committee of the Russian Federation on Trade dated July 10, 1996 No. 1-794 / 32-5).
The procedure for reflecting received goods in accounting depends on:
– method of receiving goods ;
– terms of the contract governing the transfer of ownership of the goods from the seller to the buyer ;
– applicable taxation system ;
- methods of accounting for goods fixed in the accounting policy for accounting purposes.
At a minimum, the following points should be fixed in the accounting policy of the organization:
– method of forming the cost of goods (including the cost of their purchase or without) ;
– method of reflecting the cost of goods in accounting ;
– trade markup method.
If there is a need to keep records of goods according to a specially developed nomenclature, also indicate this in the accounting policy of the organization for accounting purposes. Note that the names of goods in receipt documents and accounting registers used in the organization may not match, and describe the technology for processing accounting information that comes from suppliers of goods. The legitimacy of this approach is confirmed letter of the Ministry of Finance of Russia dated October 28, 2010 No. 03-03-06/1/670.
Proceedings under the contract of sale
If the organization received the goods under a sales contract, then the actual cost of the goods consists of the amount paid to the seller and the costs associated with the acquisition (delivery, commissions to intermediaries, etc.). Such rules are set paragraph 6 PBU 5/01.
Goods can be purchased both from an organization (entrepreneur) and from a citizen. order determining the cost of purchased goods, as well as the procedure for reflecting this operation in accounting the same for them.
Learn more about buying property from individuals cm.:
Usually, the ownership of the goods passes from the seller to the buyer at the time of its acceptance and transfer. At this point, in accounting, reflect the receipt of goods by posting:
- Goods received under paid contracts.
This procedure is established by the Instructions for the chart of accounts (accounts,,,,).
Special conditions transfer of ownership
The agreement may provide for a special procedure for the transfer of ownership ( paragraph 1 of Art. 223 of the Civil Code of the Russian Federation). For example, the contract may state that the ownership of the goods is transferred from the seller to the buyer only after payment for them.
If the organization has received goods for which the ownership has not yet been transferred to it, for example, the organization has not paid for the goods, they must be taken into account off the balance sheet:
Debit 002
- goods are accepted for safekeeping, the ownership of which has not been transferred to the organization;
After ownership of the goods has passed to the organization, record:
Credit 002
- goods are written off off-balance sheet;
Debit 41 (15) Credit 60 (76...)
- Goods are credited to the warehouse of the organization.
This procedure is established by the Instructions for the chart of accounts (accounts,).
Situation: when the buyer reflects in accounting the purchase of goods received outside the location of the organization. According to the contract, the right of ownership passes at the time of acceptance and transfer
Received goods must be credited at the time of transfer of ownership of them to the buyer. The fact of the transfer of ownership must be documented. Therefore, if the buyer has correctly executed shipping documents, then he can accept the received goods for accounting in the contractual assessment. After the actual cost is formed (transport and procurement costs are included), the cost of goods in accounting must be clarified (if it differs from the contractual one). This conclusion makes it possible to paragraph 26 PBU 5/01, part 2 article 9 of the Law of December 6, 2011 No. 402-FZ.
Until documents or goods are received from the supplier, the buyer cannot reflect them in accounting ( Part 1 Art. 9 of the Law of December 6, 2011 No. 402-FZ). To recognize the goods as accepted for accounting, its posting at the buyer's warehouse is not necessary: goods that are in transit can be considered accepted for accounting (see, for example, FAS resolutions Far Eastern District dated July 25, 2007 No. Ф03-А24 / 07-2 / 2145 , dated July 19, 2007 No. Ф03-А24 / 07-2 / 2137).
Internal movement
In accounting for accounting for goods, it is provided account 41"Products" for which sub-accounts can be opened. At the same time, the organization has the right to clarify the content of sub-accounts, exclude and combine them, as well as introduce additional sub-accounts. In addition, when moving your own property between structural divisions an organization can reflect it in analytical accounting without opening separate sub-accounts for property accounts. This right is enshrined in paragraphs
In accordance with the Civil Code under storage agreement is understood as the obligation of one party (custodian) to preserve the goods transferred by the other party (bailor) for a certain period for a fixed fee or free of charge. In this case, the custodian is obliged to take all necessary measures for proper storage and undertakes to return the goods in safety.
The bailee is not entitled to use the thing transferred for storage without the knowledge of the bailor, except in cases stipulated by the agreement.
The storage fee may be paid in a lump sum at the end of the storage period or in installments. In case of delay in payment for more than half of the storage period, the custodian has the right to refuse to fulfill the contract. The expenses of the custodian for the storage of things are included in the remuneration for storage, unless otherwise provided by the storage agreement.
Documents confirming the acceptance of goods to the warehouse are:
Simple warehouse certificate;
Warehouse receipt.
The main document for the acceptance of valuables for safekeeping is the act of acceptance and transfer of goods accepted for safekeeping at the warehouse. When returning the goods, an act is drawn up on the return of inventory items deposited.
The valuables transferred for storage remain the property of the bailor and are listed on his balance sheet.
The custodian shall reflect the property accepted for storage on the off-balance account "Goods accepted for safekeeping" at the prices established in the acceptance certificates. Analytical records are kept by owners, species, varieties and storage locations.
The amount of remuneration paid to the custodian is included in expenses when calculating income tax.
Under the accrual method, income from the sale of storage services is recognized as the services are provided, regardless of the actual receipt of cash. Under the cash method, income is recognized when cash is received from the bailor.
If the custodian is a VAT payer, then the income from storage services is subject to VAT.
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