Official letter 87/CT-TT&HT issued on 03 january 2013 by binh duong tax department on procedure for contributing capital being property right and assets on land.
In case, company contribute capital in assets into subsidiaries and these assets have been allowed in subsidiaries’ Investment cerfiticates then procedure procedure to contribute capital shall comply with provisions in Article 29, Law of Enterprise 60/2005/QH11 issued on 29 November 2005 by Congress:
Member of limited liability companies, partnerships and joint-stock companies’s shareholders must transfer the ownership of assets as prescribed by the following things:
-
For the assets being registered or land use rights, contributors have to perform the procedures for the transfer of ownership of assets and land use rights to the contributees at the authoritative state agencies and are not subject to registration fee.
-
For non-registered assets, capital contribution have been performed by delivering contributed assets along with confirmation record. The receipt minutes must show adequate information as prescribed by law.
