OFFICIAL LETTER 1533/CT-TTHT OF LONG ANH TAX DEPARTMENT ON VAT OF IMPORTED GOODS FOR CAPITAL CONTRIBUTION
Official letter 1533/CT-TTHT Long An Tax Department on VAT of imported goods for capital contribution as follows:
In case the Company imports machinery and equipment from foreign investors to contribute capital to establish the Company under the issued investment certificate but on the customs declaration form, the import goods create fixed assets of the investment project. (Do not show imported assets to contribute capital) and the Company has paid VAT on imported goods, the Company does not pay for goods to foreign investors (Without payment documents via bank), then The company is not allowed to deduct the VAT on imported goods due to failing to meet the provisions of Clause 10, Article 1 of Circular 219/2013 / TT-BTC.
