On May 24, 2024, the General Department of Taxation issued Official Letter No. 2204/TCT-CS on Value Added Tax (VAT) policy.
Based on legal regulations, in case an Enterprise exports software products or software services according to the provisions of law, it will be subject to the VAT rate of 0% if it meets the conditions as prescribed. specified in Article 9 of Circular No. 219/2013/TT-BTC.
In case the competent authority determines that the Enterprise has activities of transferring intellectual property rights abroad, it is in the case of not applying the 0% VAT rate as prescribed in Clause 2, Article 1 of Circular No. 130/ 2016/TT-BTC dated August 12, 2016 of the Ministry of Finance.
