Official letter 43861/CTHN-TTHT about depreciation of leasing assets:
Pursuant to the above provisions, in case the Company buys real estate (including the right to use land, houses and infrastructure on the land), then builds, renovates and leases it:
For the value of land use rights: Long-term land use rights are not amortized and allocated to deductible expenses when determining taxable income.
For the house and infrastructure: The company is entitled to depreciate and include it in deductible expenses when determining taxable income if it meets the conditions specified in Article 4 of Circular No. 96/2015/TT-BTC of the Ministry of Finance.
