Uni 27-10-2025 - On determining the contractor tax payment rate

Official letter 4666/TCT-CS on determining the contractor tax payment rate as follows:

Pursuant to the provisions of Point 13, 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 accounting, preparing and presenting financial statements, enterprises need to determine whether the contract value includes tax in the case of paying tax on behalf of foreign contractors to determine the appropriate accounting exchange rate:

- In the case where the foreign contractor's tax contract is a receivable debt of the enterprise in Vietnam, the actual transaction exchange rate is the buying exchange rate of the commercial bank where the enterprise designates the customer to pay at the time of the transaction;

- In the case where the foreign contractor's tax contract is included in the value of assets or expenses purchased from the foreign contractor but not yet paid immediately, the actual transaction exchange rate is the selling exchange rate of the commercial bank where the enterprise plans to transact at the time of the transaction;
 

- In cases where the foreign contractor tax is included in the asset value or the costs of purchasing from a foreign contractor are paid immediately in foreign currency, the actual transaction exchange rate is the buying rate of the commercial bank where the enterprise makes the payment.