VietnameseOfficial Dispatch No. 4529/TCT-PCCS of December 14, 2005, on tax policies
ATTRIBUTE
Official Dispatch No. 4529/TCT-PCCS of December 14, 2005, on tax policies
| Issuing body: | General Department of Taxation | Effective date: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Official number: | 4529/TCT-PCCS | Signer: | Pham Duy Khuong |
| Type: | Official Dispatch | Expiry date: | Updating |
| Issuing date: | 14/12/2005 | Effect status: | Known Please log in to a subscriber account to use this function. Don’t have an account? Register here |
| Fields: | Tax - Fee - Charge |
For more details, click here.
Download files here.
LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency
Effect status: Known
THE MINISTRY OF FINANCE THE GENERAL DEPARTMENT OF TAXATION’S ------- | SOCIALIST REPUBLIC OF VIET NAM Independence - Freedom – Happiness --------- |
No. 4529/TCT-PCCS | Hanoi, December 14, 2005 |
OFFICIAL LETTER
ON TAX POLICIES
To: The Tax Department of Nam Dinh province
In reply to Official Letter No. 936 CT/TT-HT of June 14, 2005, of the Tax Department of Nam Dinh province, inquiring about value added tax (VAT) and business income tax (BIT) policies, the General Department of Taxation gives the following opinions:
Point 1.2.d, Section III, Part B of the Finance Ministry's Circular No. 120/2003/TT-BTC of December 12, 2003, providing guidance on VAT, stipulates that when an exports trading enterprise receives payments for the goods, if the foreign party automatically subtracts from the payable amount the foreign bank charge for money transfer, the foreign customer's brokerage commission, the fine for low-quality goods, etc., which are specified in the export contract (or in the contract annex, if any), the enterprise shall have the input VAT refunded in proportion to the volume of exported goods. Where the foreign bank charge for money transfer, the foreign customer's brokerage commission and the fine for low-quality goods, which are not specified in the export contract (or in the contract attachment, if any), are automatically subtracted by the foreign party upon payment without documents as required, when making VAT refund dossiers, the enterprise shall exclude the input VAT amount in proportion to the amount automatically subtracted by the foreign party upon payment.
The expenses automatically subtracted by the foreign party from the payable amount without documents as required shall not be accounted as reasonable expenses for calculating BIT (under the provisions of Point 4, Section IV, Part B of the Finance Ministry's Circular No. 128/2003/TT-BTC of December 22, 2003, providing guidance on BIT).
The General Department of Taxation hereby notifies the Tax Department of Nam Dinh province thereof for compliance.
FOR THE GENERAL DIRECTOR OF TAXATION DEPUTY GENERAL DIRECTOR Pham Duy Khuong |
Processing, please wait...
LuatVietnam.vn is the SOLE distributor of English translations of Official Gazette published by the Vietnam News Agency
VIETNAMESE DOCUMENTS
Official Dispatch 4529/TCT-PCCS PDF (Original)ENGLISH DOCUMENTS
Others
Official Dispatch 4529/TCT-PCCS DOC (Word)This utility is available to subscribers only. Please log in to a subscriber account to download. Don’t have an account? Register here
* Note: To view documents downloaded from LuatVietnam.vn, please install DOC, DOCX and PDF file readers
For further support, please call 19006192
