NEWSLETTER MARCH 2019
Official Letter No. 4079/CT-TTHT (OL 4079): requirement to change depreciation method of fixed assets On 13th March 2019, Binh Duong Department of Taxation issued OL 4079, clarifying the requirement when a company changes the depreciation method of fixed assets as follows: The company itself determines the depreciation method and useful life of fixed assets and informs such information to the tax office before applying the chosen depreciation method. In case the company wants to change the depreciation method of fixed assets which are already in use, the company must explain the reason to change the depreciation method. The depreciation method of...