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 an Export Processing Enterprise (EPE) (Evertie Lighting Vietnam Co., Ltd.), which operates under the export processing enterprise regime (the leased land and assets attached to the land under the Transfer Contract are within the area of land use of the Export Processing Enterprise as specified in the Investment Registration Certificate issued by the Dong Nai Industrial Zones Authority), and the transferee meets the conditions for customs inspection and supervision applicable to non-tariff zones (DNCX) at the factory address on the land as confirmed by the Nhon Trach Customs Sub-Department, and the transferred assets are not subject to customs procedures, then the VAT rate of 0% is applicable if the conditions regarding contracts, invoices, and bank payment documents are met according to regulations
