OFFICIAL LETTER NO. 4124/TCT-CS DATED 24 SEPTEMBER 2014 OF GDT IN GUIDANCE OF ALLOCATION OF LEASING LAND USE RIGHT
According to official letter No. 4124/TCT-CS:
If the company is allowed to grant the leasing land use right within 26 years to contribute joint venture capital with foreigners to perform the investment project is 49 years; if this land use right is performed in compliance with procedures of law, participating in business operations, will be allocated to deductible expense when CIT is determined from the project going into operations. Ending the duration of land use right for capital contribution, the company must pay leasing amounts and included in deductible expense when CIT is determined.
