According to official 4666/TCT-CS dated 23 October 2023, pursuant to the provisions of Point 1.3 Clause 1 Article 69 of Circular No. 200/2014/TT-BTC (amended by Clause 3 Article 1 of Circular No. 53/ 2016/TT-BTC), for the purpose of recording accounting numbers, preparing and presenting financial statements, company need to determine whether the contract value includes tax or not. To determine the appropriate accounting exchange rate:

• In cases, where foreign contractor tax contracts are debts receivable from company in Vietnam, the actual transaction rate is the buying rate of the commercial bank where the company appoints the customer to pay at the time of transaction;
• In cases, where foreign contractor tax is included in the value of assets or expenses purchased from foreign contractors that have not been paid immediately, the actual transaction rate is the bank’s selling rate of the commercial bank where the company plans to appoint at the time of transaction;
• In cases where according to the contract, foreign contractor tax is included in the asset value or expenses from foreign contractors are paid immediately in foreign currency, the actual transaction rate is the buying exchange rate of the commercial bank where the company makes payments.

Taxpayers make adjusted declarations in accordance with the provisions of Article 47 of Circular No. 80/2021/TT-BTC dated 29 September 2021 of the Ministry of Finance.

Please see attached letter for details: Cong van 4666 xac dinh ty gia khi tinh thue nha thau FCT