On April 15, 2024, the General Department of Taxation issued Official Letter No. 1569/TCT-KK regarding the transfer of remaining deductible value-added tax (VAT) after the Branch ceases operations.
According to legal regulations, in the case where the Branch of the Company located in Hanoi City is a dependent unit of the Parent Company and ceases operations and the tax identification number is no longer valid, but there is remaining input VAT that has not been fully deducted at the time of cessation, if all conditions for tax deduction according to VAT law are met, the Branch is allowed to transfer the remaining input VAT that has not been fully deducted to the Parent Company for the Parent Company to continue declaring and deducting according to regulations.
