Question:
To expand our business network, our company has rented a property from an individual for production and business activities. In order to properly classify the rent and renovation expenses, is it necessary to notarize this lease agreement?
Answer:
In accordance with Article 4 of Circular No. 96/2015/TT-BTC dated June 22, 2015, issued by the Ministry of Finance, amending and supplementing Article 6 of Circular No. 78/2014/TT-BTC dated June 18, 2014, which provides guidance on corporate income tax (CIT), it specifies deductible and non-deductible expenses. In the case where a company signs a lease agreement for a property with an individual to serve its production and business activities, this lease agreement does not need to be notarized.
