OFFICIAL LETTER NO 5256/CT-TTHT DATED OF AUGUST, 25 2020 ON TAX POLICY WITH NEW INVESTMENT PROJECT
Official letter No 5256/CT-TTHT dated of August, 25 2020 On tax policy with new investment project as follows:
In case the Company is licensed for a new investment project in other localities:
- The branch must to separately establish accounting books, record the revenue and expenditure which directly relate to business activities in Viet Nam. At the same time, declaring to pay VAT separately for those activities at the tax office in where the company located.
- The branch with deduction tax method is deducted VAT with new investment projects, exporting of goods and services in accordance with the regulations.
