Uni 25-09-2017 - Guidance on tax declaration for EPEs

Official letter 4107/TCT-KK dated 12 Sep 2017 guiding declaration for EPEs to conducting import and export rights as follows:

EPEs do not have to declare VAT to tax authority for these activities.

In case, beside export activities, EPEs are allowed to conduct purchase and sale of goods and other related activities to goods sale in Viet Nam (including purchase and sale of goods in Viet Nam for export or import goods abroad for sale – generally called import and export rights) in accordance with law, the activities are liable for VAT. EPEs must register with domestic tax authority and open accounting books to recognize separately revenue, costs relating to purchase and sale of goods in Viet Nam, no including all records, and must arrange a location to keep import and export goods with import and export rights.

EPEs are responsible for tax obligations and financial obligations for purchase and sale of goods and others activities relating to EPEs.