OFFICIAL LETTER NO. 58186/CT-HTr DATED 13 NOVEMBER 2014 OF HA NOI TAXATION DEPARTMENT IN GUIDANCE OF TAX POLICY FOR OTHER RECEIVABLES AND PAYABLES FOR FOREIGN FIRMS
According to official letter No. 58186/CT-HTr:
The company is an official distributor of a foreign firm. The authorized company transfers money under promotion program, trade discount on behalf of foreign firm to Agents in Vietnam by transferring money from foreign county into the company’s account, and then, the company transfers back to the Agents under the signed list between the company and foreign firm. The transferred money under promotion program, trade discount on behalf of foreign firm to Agents in Vietnam is the other receivables and payables for foreign firms and must not be declared, calculated, paid VAT.
