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VAT and CIT expenses for construction works lacking construction permits according to Official Letter No. 4781/TCT-CS dated 24 October 2024 issued by the General Department of Taxation
If a construction project is not granted a construction permit by the authorities, does not belong to the exemption outlined in Article 89 of 2014 Law on Construction, and is not issued a certificate of ownership for the asset attached to the land, then the fixed asset created on the Company’s leased land is not eligible for input VAT deduction and is not eligible for including depreciation of the fixed asset into expenses when calculating CIT.
