Official letter 346/CTBNI-TTHT about depreciation of fixed assets:
Based on the above regulations, the Bac Ninh Provincial Tax Department guides the Company as follows: The Company shall decide on the depreciation method and depreciation period of fixed assets according to the provisions in Clause 1 and Clause 3, Article 10; Clause 1, Clause 2, Clause 3, Clause 4, Article 13 of Circular No. 45/2013/TT-BTC dated April 25, 2013 of the Ministry of Finance. Specifically as follows:
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Regarding the time of depreciation of fixed assets: The Company shall depreciate fixed assets according to the time frame specified in Appendix 1 issued together with Circular No. 45/2013/TT-BTC dated April 25, 2013 of the Ministry of Finance. In case of any change in the time of depreciation of fixed assets, the Company shall comply with the provisions in Clause 3, Article 10 and Clause 4, Article 13 of Circular No. 45/2013/TT-BTC dated April 25, 2013 of the Ministry of Finance.
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Regarding the method of depreciation: The Company has the right to decide on the method of depreciation for each fixed asset and notify the tax authority directly managing it before starting to implement.
The Company shall comply with the provisions of law and the actual situation under regulations.
