Uni 31-10-2019 - Tax policy on costs of fire damage

Official letter 6200/CT-TTHT dated 24/10/2019 of the Tax Department of Hai Duong Province answering about the damage caused by the fire:

In case, an enterprise suffers damage from fire insurance, it will be included in deductible expenses when determining corporate income tax on fire expenses after deducting the value of compensation insured by the insurance enterprise as prescribed. regulations of law and meet the conditions for documents and records prescribed in Article 4 of Circular No. 96/2015 / TT-BTC.