Loan interest calculated at as cost of fixed asset

16-Dec-2005 Intellasia | 14/Dec/2005 General Department of Taxation | 4:06 PM Print This Post

Under an official letter by the General Department of Taxation, if businesses buy fixed assets by using a bank loan, the monthly interest cost is calculated into the price of fixed assets.
[Official Letter 4439/TCT-PCCS dated December 5 2005]

 

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