OFFICIAL LETTER NO. 2752/TCT-KK DATED 21 JULY 2014 OF GDT IN GUIDANCE OF VAT FOR THE CONSTRUCTION ON THE BORROWED LAND
According to official letter No. 2752/TCT-KK:
The contract of borrowing land between Huynh Duc hotel Co., Ltd – representative –Ms. Huynh Thi Kim Huong and she does not have confirmation of state’s notary or authentication of People’s Committee of commune, ward, town under regulations, Huynh Duc hotel Co., Ltd does not register the ownership for the construction on the borrowed land.
Therefore, if the construction of Huynh Duc hotel is not an asset of Huynh Duc hotel Co., Ltd, its VAT amount must not be refunded.
