OFFICIAL LETTER 58607/CT-TTHT DATED 28 AUG 2017OF HA NOI TAXATION DEPARTMENT GUIDING FCT FOR BRAND USAGE RIGHT TRANSFER
According to official letter 58607/CT-TTHT dated 28 Aug 2017 of Ha Noi Taxation Department guiding FCT for brand usage right transfer as follows:
In case, foreign contractors sign contract to allow the company in Vietnam used copyright image of foreign contractors in fashion closing of the company that incurred income paid for brand usage right in compliance with regulations of Law about Intellectual Property, the income must be imposed 10% VAT (if applying to deduction method) or ratio (%) VAT to revenue is 5% (if applying to direct method) and must be imposed CIT rate to revenue of 10%.
