Recording Receipts and Expenditures for Land Use Rights Transfer

Recording Receipts and Expenditures for Land Use Rights Transfer

On June 11, 2024, the General Department of Taxation issued Official Letter No. 2498/TCT-CS regarding the recording of receipts and expenditures for the transfer of land use rights. Based on Article 4 of Decree No. 46/2014/NĐ-CP dated May 15, 2014, by the Government regulating the collection of land rent and water surface rent; Article 5, […]

Tax Policy on Capital Contribution Transfer in Foreign-Invested Enterprises

Tax Policy on Capital Contribution Transfer in Foreign-Invested Enterprises

On June 5, 2024, the General Department of Taxation issued Official Letter No. 2375/TCT-CS regarding tax policies on the transfer of capital contributions in foreign-invested enterprises. The General Department of Taxation provided the following opinions on this matter: According to the records, HPI Investment and Development Co., Ltd. (a Vietnamese enterprise) and Charm Cheer Industry […]

Guidance on Tax Policy

Guidance on Tax Policy

On June 5, 2024, the General Department of Taxation issued Official Letter No. 2372/TCT-CS regarding tax policy. The General Department of Taxation provided the following opinions on this matter: In cases where capital increase activities are conducted in accordance with the provisions of the Enterprise Law No. 68/2014/QH13 dated November 26, 2014, the provisions of […]

Clarification on Value-Added Tax

Clarification on Value-Added Tax

On June 7, 2024, the General Department of Taxation issued Official Letter No. 2452/TCT-CS regarding value-added tax (VAT). In cases where the activity involves subleasing land use rights along with assets attached to the land by the transferor to the transferee, in accordance with the provisions of the 2013 Land Law, and the transferee is […]

Reduction of Land Rent Under Decision No. 25/2023/QD-TTg

Reduction of Land Rent Under Decision No. 25/2023/QD-TTg

On June 7, 2024, the General Department of Taxation issued Official Letter No. 2443/TCT-CS regarding difficulties in implementing the reduction of land rent under Decision No. 25/2023/QD-TTg. The General Department of Taxation provided the following opinions on this matter: Based on legal provisions, the application of land rent reduction under Decision No. 25/2023/QD-TTg of the […]

Exemption and Reduction of Non-Agricultural Land Use Tax

Exemption and Reduction of Non-Agricultural Land Use Tax

On June 7, 2024, the General Department of Taxation issued Official Letter No. 2442/TCT-CS regarding the exemption and reduction of non-agricultural land use tax. The General Department of Taxation provided the following opinions on this matter: Based on legal provisions, Circular No. 153/2011/TT-BTC stipulates the reduction of non-agricultural land use tax for investment projects in […]

Issues Regarding Tax Policy

Issues Regarding Tax Policy

On June 7, 2024, the General Department of Taxation issued Official Letter No. 2445/TCT-CS regarding tax policies. The General Department of Taxation provided the following opinions on this matter: Clause 27, Article 3 of the Law on Tax Administration No. 38/2019/QH14 dated June 13, 2019, and Clause 1, Article 3 of Decree No. 126/2020/ND-CP dated […]

Exemption of Land Lease for Financially Autonomous Public Non-Business Units

Exemption of Land Lease for Financially Autonomous Public Non-Business Units

On June 7, 2024, the General Department of Taxation issued Official Letter No. 2444/TCT-CS regarding land rent policies for public non-business units. According to the provisions of the 2013 Land Law (Point e, Clause 1, Article 56), the State leases land to financially autonomous public non-business units. The time for calculating land rent is when […]