Uni 26-04-2012 - Reply to tax policy

Reply to official letter No. 708/VTQĐ-TC dated 07 March 2012 in guidance of treatment for tax policy about payables to suppliers under Decision No. 2151/QĐ-TTg dated 05 December 2011 reference to the enterprise  transfer, MOF has guideline as follows:

“In case, an enterprise’s acquired assets for infrastructure and then handed over to other enterprise but has not yet been paid or has been paid a part to suppliers upon enterprise transfer: both enterprises must separately prepare the delivery minutes for the unpaid assets or the assets’ paid a part to suppliers, in which VAT invoices are listed with the amounts, VATs and total amounts payable to suppliers.

The enterprise which receives the assets, liabilities must be responsible for paying to suppliers in compliance with the delivery minutes. Basing on the delivery minutes, dossiers of assets, debit notes , input VAT amounts are declared, deducted under current regulations for the handed over assets.”