Official letter 17/CTHPH-TTHT on FCT policy:
In case Company A signs a contract to process goods for Company B (based abroad). After the goods are processed, Company A will deliver them to Company C as designated by Company B in the form of on-site import and export, then Company B is subject to the application of contractor tax as prescribed in Circular No. 103/2014/TT-BTC of BTC. Company C is responsible for declaring, withholding and paying contractor tax on behalf of Company B as follows:
VAT: The company has paid tax at the import stage, the company does not have to deduct VAT from the contractor
CIT = Revenue subject to CIT * rate(%) of CIT (1%)
