OFFICIAL LETTER 79043/CT-HTr DATED 10 DECEMBER 2015 OF HA NOI TAXATION DEPARTMENT FOR BRANCH
According to official letter 79043/CT-HTr guiding on tax policy for branch as follows:
The company established a dependent unit is the branch in Hoa Binh with main target of “product showcase” not directly sold, not generated revenue, declaring tax at the head office of the company as guidance of clause 1c, article 11 Circular 56/2013/TT-BTC dated 06 Nov 2013 of MOF.
For purchase invoices, services, for operations of the branch in Hoa Binh, the items in financial invoices are presented with name, address, tax code of branch. The Company is allowed to declare and deduct purchase invoices of the branch if meeting full conditions in article 15 of Circular 219/2013/TT-BTC and recorded to expense when determining taxable income if meeting conditions of article 4 Circular 96/2015/TT-BTC dated 22 June 2015 of MOF.
