Official letter No.1333/CT-TTHT dated 19 August 2013 of Long An taxation department in guidance of VAT deductions, deductible expenses of land leasing contract before estalishment of an enterprise.
According to official letter No. 1333/CT-TTHT:
In case, before establishment of an enterprise, the founders have the authorization in writing to the individual who signs a contract to sublease an enterprise’s land for establishment and the land served for business and production of VAT-liable goods or services, the newly established enterprise will undertake rights and obligations arising from the signed contracts. The newly established enterprise is allowed to declare, deduct input VAT of the invoices with the name of the authorized individual if there are bank notes for VAT invoices in amount of more than 20 million VND and included deductible expense when CIT taxable income is determined
