Official letter 17062/CTBDU-TTHT regarding the VAT policy, the expenses for sponsorship in kind are as follows:
In case the Company incurs in-kind sponsorship expenses for the field hospital as supplies, machinery and equipment, the Company is entitled to deduct input VAT on these materials, machinery and equipment. When handing over, machinery and equipment to the hospital, the Company makes a VAT invoice and declares output VAT according to the VAT calculation price of products and goods of the same or equivalent type at the time of arising sponsorship activities.
