Official letter 5081/CTBNI-TTHT about tax policy:
Pursuant to the above regulations and instructions, in case the Company authorizes supplier B (3rd party) to pay for (pay for) the costs of lifting and lowering cargo containers, and the cost of lifting and lowering goods for service providers, these activities serve the Company's production and business activities, have been invoiced by the service provider according to regulations, with a value per invoice of less than 20 million VND, but purchasing multiple times in the same day with a total value of over 20 million VND and the third party made cash payments corresponding to the invoices. If the supplier is a business establishment without stores as dependent units as prescribed in Clause 5, Article 15 of Circular No. 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance (approved Amended and supplemented in Clause 10, Article 1 of Circular No. 26/2015/TT-BTC dated February 27, 2015), the Company is not allowed to declare VAT deduction and cannot be included in deductible expenses when determining income subject to corporate income tax, due to not meeting the conditions for non-cash payment (cash payment) as prescribed in Article 15 of Circular No. 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance and Article 4 of Circular No. 96/2015/TT-BTC dated June 22, 2015 of the Ministry of Finance.
