On March 25, 2024, the General Department of Taxation issued Official Letter No. 1183/TCT-CS in response to the Bạc Liêu Provincial Tax Department regarding tax policy. It specifically mentions two contents:
- Regarding VAT policy: the input VAT of goods and services (including fixed assets) used simultaneously for the production and business of taxable and non-taxable goods and services is only deducted, refunded for the input VAT of goods and services used for the production and business of taxable goods and services if it meets the conditions for deduction, refund as prescribed;
- Regarding CIT policy: for fixed assets not used for production and business activities, the depreciation expense of these fixed assets is not deducted when determining taxable income. For depreciation expenses of fixed assets used for production and business activities, if fully meeting the conditions prescribed in Article 4 of Circular No. 96/2015/TT-BTC dated June 22, 2015, of the Ministry of Finance, it is determined as deductible expenses when determining taxable income.
