Procedures and Documentation for Tax Exemption, Tax Reduction on Natural Resources Due to Natural Disasters, Fires Causing Losses to Declared Resources
Procedure for Tax Exemption and Reduction on Resources Damaged by Natural Disasters or Fires
What is the procedure for tax exemption and reduction on resources that have been declared and subsequently damaged by natural disasters or fires?Procedure for Tax Exemption and Reduction on Resources Damaged by Unexpected Accidents
What is the procedure for tax exemption and reduction on resources that have been declared and subsequently damaged by unexpected accidents?Looking forward to your prompt response!Procedures for Tax Exemption and Reduction Due to Natural Disasters or Fires Causing Losses to Declared Resources
Pursuant to Clause 1, Article 56 of Circular 80/2021/TT-BTC, which stipulates procedures for tax exemption and reduction due to natural disasters or fires causing losses to declared resources, as follows:
- For cases of tax exemption or reduction due to natural disasters or fires causing losses to declared and taxed resources, the exemption or reduction dossier includes:
a) A request document according to Form No. 01/MGTH issued with Appendix I of this Circular.
b) A minutes determining the extent and value of the loss of resources from the competent authority, with confirmation from the local government at the commune level where the disaster or fire occurred, according to Form No. 02/MGTH issued with Appendix I of this Circular.
The competent authority determining the extent and value of the loss is the financial authority or the inspection agencies determining the extent and value of asset loss.
c) In the case of goods damage: The taxpayer provides an inspection report (inspection certificate) about the extent of the damage from a legal agency on the accuracy of the inspection certificate as per legal inspection regulations, and the inspection agency must take responsibility.
Procedures for Tax Exemption and Reduction Due to Unexpected Accidents Causing Losses to Declared Resources
Pursuant to Clause 2 of the above Article, which stipulates procedures for tax exemption and reduction due to unexpected accidents causing losses to declared resources, as follows:
- For cases of tax exemption or reduction due to unexpected accidents causing losses to declared and taxed resources, the exemption or reduction dossier includes:
a) A request document according to Form No. 01/MGTH issued with Appendix I of this Circular;
b) A document or minutes confirming the accident with confirmation from the police authority or confirmation of the injury extent from the medical authority;
c) Documents determining the compensation from the insurance agency or the compensation agreement from the person causing the accident (if any);
d) Documents directly related to the cost of overcoming the accident.
Sincerely!
