OFFICIAL LETTER 2424/CT-TTHT DATED 13 AUG 2018 BAC NINH TAX DEPARTMENT GUIDING ENTERPRISE CONVERTED INTO DEPENDENT BRANCH
Official letter 2424/CT-TTHT dated 13 Aug 2018 of Bac Ninh Tax Department guiding tax policy for enterprise converted into dependent branch:
- For VAT: After the company transforms into a subsidiary, does not directly sell goods, does not generate turnover, does not carry out accounting, the branch shall declare its tax at the head office and pay the tax according to the the above-mentioned tax rate for the locality where the dependent production branch is located.
- For Invoice: the company must stop the use of announced unused invoices under Clause 1 of Article 21; At the same time, the report on the use of invoices is provided in Article 27 of Circular 39/2014 / TT-BTC.
- For CIT finalization: The company shall make CIT finalization at the time of the merger in accordance with clause 3 of clause 3 of article 10 of Circular 156/2013 / TT-BTC.
- Tax obligations of the Company upon conversion, shall comply with the provisions of Clause 3, Article 42 of Circular No. 156/2013 / TT-BTC.
