October 6, 2023

Official letter 68332/CTHN declaring import VAT deduction

According to official No. 68332 dated 21 September 2023, in case the company signs a contract to import goods with a foreign partner under DDP (dilivery duty paid) delivery conditions, the seller will bear the costs of import tax and VAT payable on imported goods (if any), so the Company does not incur import taxes…

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Official letter 4383/TCT-CS transfer losses from branch to parent company

Transfer losses from branch to parent company According to official No.4383/TCT-CS dated 04 October 2023, currently corporate income tax law stipulates loss transfer in case an enterprise converts the type of division, separation, or merger, and no loss transfer regulations in case an independent accounting branch converts to dependent accounting Please see attached letter for…

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