Minister of Finance issues Circular 35/2022/TT-BTC in June 16, 2022 regulates the regime of management and depreciation of road infrastructure assets which are fixed assets in Vietnam.
According to this Circular, the time used to calculate the depreciation of some types of road transport infrastructure assets in Vietnam is as follows:
- Roads and ancillary works attached to roads: 40 years;
- Road bridges and ancillary works associated with road bridges in Vietnam: 40 years;
- Road tunnels and auxiliary works attached to road tunnels: 40 years;
- Road ferry terminals and ancillary works attached to road ferry terminals; pontoon bridges and ancillary works in Vietnam: 20 years;
- Vehicle load testing station: 20 years;
- Road toll stations in Vietnam: 20 years;
- Bus station: 25 years;
- Parking lot in Vietnam: 25 years;
- Road management plant: 25 years;
- Rest stop in Vietnam: 25 years;
- Warehouse for storage of spare materials: 20 years;...
See more in Circular 35/2022/TT-BTC effective from 30/7/2022.
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