Official letter No.1790/TCT-CS about FCT policy for businesses in Vietnam in the form of on-the-spot import and export,
According to this official letter, foreign companies have income arising in Vietnam on the basis of the implementation of the outsourcing business in the form of delivery of goods to a company in Vietnam and assigned the company to deliver products after processing to another company in Vietnam, foreign companies are liable to pay FCT in Vietnam under the provisions of Circular No. 134/2008/TT-BTC 31/12/2008. Companies in Vietnam designated to receive the product after processing are responsible for tax declaration, deductible and payment on behalf of the foreign parties....
