THE MINISTRY OF FINANCE corrects certain contents in Letter No. 11684/BTC-TCT guiding corporate income tax, specifically the formula for determining costs allocated to land transfer area and the application date.
Các điểm cốt lõi
- ENTERPRISES/MERCHANDISE COMPANIES → shall use the new formula to determine costs allocated to land transfer area: Allocated Costs = (Total Infrastructure Investment Costs / Total Land Area - Public Land Area) x Transferred Land Area
- PROVINCE/CITY TAX BRANCHES → are required to report difficulties to THE MINISTRY OF FINANCE for study and resolution during the implementation of guidance.
🌐 Tác động xã hội từ văn bản này
- BUSINESSES will have additional time and more accurate information to calculate allocated costs, helping to reduce tax risks.
- PROVINCE/CITY TAX BRANCHES need to promptly resolve difficulties to avoid impacting business operations.
❓ Câu hỏi thường gặp
How is the cost allocation for the transferred land area calculated?
Allocated Costs = (Total Infrastructure Investment Costs / Total Land Area - Public Land Area) x Transferred Land Area.
What is the effective date of this letter?
During the implementation of guidance in this letter, if difficulties arise, it is requested that PROVINCE/CITY TAX BRANCHES report them to THE MINISTRY OF FINANCE for study and resolution.
When does this new formula take effect?
There is no specific information about the effective date in the document.
Who is responsible for reporting difficulties?
PROVINCE/CITY TAX BRANCHES.
If difficulties arise, what should businesses do?
It is requested that PROVINCE/CITY TAX BRANCHES report them to THE MINISTRY OF FINANCE for study and resolution.
Toàn văn
LETTER
DECISION NO. 14300/BTC-VP OF THE MINISTRY OF FINANCE ON November 10, 2005 CORRECTING THE NOTIFICATION NO. 11684/BTC-TCT
Respected: - Ministries, ministerial-level agencies, government agencies;
- People's Committees of provinces and centrally governed cities.
Due to typographical errors, the Ministry of Finance corrects some contents of Notification No. 11684/BTC-TCT dated September 16, 2005 guiding corporate income tax as follows:
1. Regarding the formula for determining costs allocated to land transfer area at Point 1 of Notification No. 11684/BTC-TCT dated September 16, 2005:
Printed is:
|
Costs allocated to transferred land area |
= |
Total land area assigned for projects |
x |
Land area transferred |
Corrected to is:
|
Costs allocated to transferred land area |
= |
Total land area assigned for projects (excluding land area used for public purposes as prescribed by laws on land) |
x |
Transferred land area |
2. Regarding the application time mentioned at the end of Point 5.4.2 of Notification No. 11684/BTC-TCT as follows:
Printed is: "This notification shall be applied to determine the corporate income tax amount for the tax period from 2005 onwards. During the implementation of this notification, if any difficulties arise, please report to the Ministry of Finance through the Tax Departments of provinces and centrally governed cities for research and resolution."
Corrected to: "During the implementation of this notification, if any difficulties arise, please report to the Ministry of Finance through the Tax Departments of provinces and centrally governed cities for research and resolution."
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