Official letter 1338/CTBDU-TTHT about tax policy:
Enterprises may reassess assets according to the provisions of law to contribute capital, transfer assets upon division, separation, consolidation, merger or transformation of enterprise type according to Article 2 of Circular 151/2014/TT-BTC. Therefore, the Company's re-evaluation of assets including the value of land use rights and construction works on the land, machinery, equipment and tools when buying liquidated assets is not in accordance with regulations.
Expenses related to liquidation activities are included in deductible expenses when determining taxable income if they meet the requirements in Article 4 of Circular 96/2015/TT-BTC.
