VCCI Collects Opinions on New Mechanism on Fixed Assets Using and Discounting Management

This is a meeting jointly held by Vietnam Chamber of Commerce and Industry (VCCI) and the Ministry of Finance on December 11 in Ho Chi Minh City.

Mr. Ngo Huu Loi, Deputy Head of Legislation Department under the Ministry of Finance said that the regulation on fixed asset using and discounting management issued along with the Decision No.206/2007/QD-BTC will be applied to all organisations and individuals involved in goods and services production and business in order to determine the discount fee on fixed assets to calculate the corporate income tax.

Businesses also showed their queries and difficulties, such as setting up asset appraisal and intelligence property council, ensuring reinvestment, and the recovery of working capital for business.