The Official letter No. 2796/TCT-KK of GDT 03 August 2012 about declaration and payment of VAT and CIT about real estate business
Reply to the official letter No. 059/TCKT-61 guidelines of problems in the declaration and payment of VAT and payment of VAT and CIT about real estate business. GDT has the following opinions:
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For VAT: In case, enterprises have headquarters in the province of local cities, have branches in business of real estate in other local cities, provinces , the branches declare the estimated VAT amounts in compliance with ratio (%) on sale to tax office in charge.
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For CIT: The branches having real estate business activities in other local provinces and cities must declare tax filing to tax Department or the branches of Tax Department.
