Uni 18-12-2014 - Guidance on tax for promotion goods, services

According to official letter No. 5519/TCT-DNL:

• If goods, services are used for promotion under regulations of commercial Law, the company must prepare invoices under instruction of official letter No.2815/TCT-DNL dated 24 July 2014 of GDT in guidance of tax policy and must calculate out VAT, nor recognize revenue to determine CIT.
• If goods, services used for gifting, offering, they must calculate output VAT but must not recognize revenue for CIT determination. If goods, services used for promotion without complying with regulations of Commercial Law,  they must calculate output VAT.
• The company determines deductible expense for goods, services used for gifting, offering, promotion, used for business and promotion under regulations