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November 14, 2024

Official dispatch 28365/CTBDU-TTHT on costs for planting trees

The Tax Department responded to Carryingmate Industries Vietnam Co., Ltd. about the cost of planting trees in the factory premises as follows: If the company plants trees at the request of the Industrial Park Management Board to maintain hygiene and fresh air, these costs are deductible from input VAT and included in deductible expenses when…

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Regulations on issuing invoices and paying taxes in foreign currency

1. According to Decree 123/2020/ND-CP, invoices must usually be written in Vietnam Dong, symbol is “d”.. However, in the following two cases, invoices can be issued in foreign currency: Transactions arising in foreign currency: Items such as unit price, amount, VAT and total payment are recorded in foreign currency, with conversion rate to Vietnam Dong.…

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