On April 26th, 2019, Hanoi Department of Tax issued the Official Letter No.26999/CT-TTHT. Whereby:
In 2016, the Company received the transferring of land use right which paid in advance for a lot of years with the remaining lease term of 28 years and has been granted a land use right certificate by a competent authority. A garage for employees working at the company was built on a part of this ground and the remaining is left blank. By March 2019, the company construct a new factory on this land. Then, this land use right may be gradually included in deductible expenses if invoices are sufficient, procedures are followed, and such piece of land is used for business operation over the permitted land use period written in the land use right certificate (including the period over which business operation is suspended for repair or building new constructions).
