Official letter 10628/CTHDU – TTHT about tax policy:
In case Metal Korea Company converts its business form into an export processing enterprise, registers the right to export, the right to import and the right to distribute goods to the domestic market, the Company must open accounting books. Separately, revenue and expenses related to goods trading activities create Vietnam and separate the goods storage area from the goods storage area for export processing activities or establish a separate branch located outside of Vietnam. Company to exercise the right to export, right to import, right to distribute goods into the Vietnamese market.
Metal Korea Company conducts tax registration with the tax authority directly managing to declare, pay VAT and register to use electronic value-added invoices for export, import, and trade in goods. in Vietnam under the right to export, right to import and right to distribute and sell goods; The invoice must clearly state the VAT rate corresponding to each type of taxable goods and services according to the provisions of the law on VAT.
