Uni 22-08-2019 - Tax policy for transfer and liquidating the assets of the representative office

Official letter 64070/CT-TTHT dated 13/8/2019 of Hanoi Tax Department on tax policy for the transfer of liquidation of representative office assets as follows:

In case the representative office does not conduct production and business activities in Vietnam, the representative office does not have to pay VAT and CIT. When a representative office liquidates assets other than production and business activities, the representative office does not have to pay VAT and CIT for the liquidation of assets and the tax authority does not issue invoices for this case.

CÔNG VĂN SỐ 64070/CT-TTHT NGÀY 13/8/2019 CỦA CỤC THUẾ HÀ NỘI VỀ CHÍNH SÁCH THUẾ ĐỐI VỚI VIỆC CHUYỂN NHƯỢNG THANH LÝ TÀI SẢN VPĐD