Depreciation expenses of fixed assets suspended due to Covid 19

Due to the impact of the Covid 19 epidemic leading to a decline in market demand, enterprise facing difficulties and have to suspend operations some fixed assets for less than 9 months during the corporate income tax period of 2020, after that those fixed assets continue to use for production and business activities be treated as temporarily suspended due to seasonal production specified at point 2.2, clause 2, Article 4 of Circular No. 96/2015/TT-BTC.

Therefore, the enterprise is allowed to depreciate fixed assets and these depreciation expenses during the suspension less than 9-month period is included in deductible expenses when determining taxable income.