NEWSLETTER JULY 2019
Official Letter No. 1155/CT-TTHT (OL 1155): tax policies on maintenance fee of apartment According to OL 1155 issued by Bac Ninh Department of Taxation on 08th July 2019, a company purchased an apartment and uses it as a place of residence for its employees. As stated in the apartment purchase contract, the company has to pay a maintenance fee for the public area at 2% of the apartment price (according to the regulation of the Law on Housing). In this case, the maintenance fee is considered as deductible expense for CIT purpose. When receiving the maintenance fee, the apartment owner...