The official letter No. 1890/TCT-CS dated 07 June 2013 of MOF in guidance of tax policy of goods for promotion
The official letter No. 1890/TCT-CS:
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VAT: Input VAT of goods and services that enterprises use for promotion, advertisement for business and production activities are deducted.
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For CIT: Promotion, advertisement are included in deductible expenses if they are actually used for business and production activities and have enough invoices, documents under regulations but they are not allowed to exceed 10% of total deductible expenses( 15% for newly established enterprises within 3 beginning years ) .
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The exported goods for promotion need to comply with regulations of Law about promotion and Ministry of Trade in compliance with the official letter No. 11460/BCT-XNK.
