OFFICIAL LETTER NO. 4716/TCT-CS DATED 24 OCT 2014 OF GDT IN GUIDANCE OF NEW CONTENT OF CIRCULAR 151/2014/TT-BTC
According to official letter No. 4716/TCT-CS (effective from 15 Nov 2014).
New contents relating to CIT, VAT and PIT and tax administration should be notes as follows:
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Whole value of sample and trial-drive automobiles used for business having value of more 1,6 billion VND is allowed to depreciate and recognize in deductible expense when determining CIT.
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Adding guidance on VAT deduction for deferred payment, installment with value of more 20 million VND.
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Taxpayers temporarily stop business, they only report tax authority (business registration office or tax authority) instead of reporting 2 offices before this time.
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Taxpayers pay VAT with sale of goods and services of the previous year from or less 50 billion VND ( before this time is 20 billion VND), they will declare quarterly
