Official letter 57837/CTHN-TTHT about tax policy for asset liquidation activities:
Basing on the above provisions, in case the Representative Office of Mitsui Oil Exploration Co., Ltd in Hanoi city is the representative office of foreign traders in Vietnam that is not engaged in production or business activities, if there is any liquidation of assets. Property being goods purchased to serve the operation of a representative office is not required to declare and pay VAT and CIT..
