| No. | Document | Content | Date of Issue |
|---|---|---|---|
| Tax Administration | |||
| 1 | Official Letter No. 874/CT-NVT from the Tax Department regarding late payment interest | In cases where personal income tax is payable and a payment slip to the state budget is issued with incorrect economic content (sub-item 4917), but no request is made to the tax authority to verify and correct the payment information or to offset the overpaid amount against outstanding tax, late payment interest, or fines, the tax authority shall calculate late payment interest on the outstanding personal income tax in accordance with Article 59 of the Law on Tax Administration. | 26/4/2025 |
| Import and Export Taxes | |||
| 2 | Official Letter No. 3118/CHQ-GSQL from the Customs Department regarding issues with Form D C/O | ASEAN member countries have agreed on the interpretation that in cases where (i) the manufacturer and the invoice issuer are located in the same country, or (ii) the invoice issuer and the importer are located in the same country, it is not required to check the “third-party invoice” box in Box No. 13. However, the information of the invoice issuer must still be declared on the Certificate of Origin (C/O). For Form D C/Os where the commercial invoice is issued by a company based in a third country (non-member) or by an ASEAN exporter representing that company, the procedures must comply with Article 23, Appendix 7 of Circular No. 22/2016/TT-BCT as amended and supplemented by Circular No. 10/2022/TT-BCT. |
24/4/2025 |
| Value-Added Tax (VAT) | |||
| 3 | Official Letter No. 1638/CCTKV06-QLDN1 from the Regional Tax Sub-Department VI regarding VAT refund | 1. In the case where the Company imports raw materials under customs declaration type E31 and then sends all the imported materials to a company based in Vietnam for processing into finished products, which are then re-imported by the Company for export under customs declaration type E62; 2. In the case where the Company imports raw materials and supplies under customs declaration type E31 and then sends all the imported materials to a domestic company for processing into finished products (e.g., Bluetooth speakers), and subsequently re-imports those finished products for packaging and export under customs declaration type E62; In both of the above cases, the VAT paid at the import stage for materials used in processing and manufacturing goods for export qualifies for VAT refund for exported goods and services under Article 2 of Circular No. 25/2018/TT-BTC. If the Company meets the required conditions, the refund procedures shall follow Point b, Clause 1, Article 28 of Circular No. 80/2021/TT-BTC. |
21/4/2025 |
| Corporate Income Tax (CIT) | |||
| 4 | Official Letter No. 244/CCTKV17-QLDN1 from Regional Tax Sub-Department XVII regarding customer support expenses | In cases where the Company provides payments for sales incentives, promotions, trade discounts, payment discounts, or other forms of monetary or non-monetary support to household businesses or individual business owners who declare tax under the lump-sum method, the Company is responsible for withholding and paying taxes on their behalf, in accordance with Clause 5, Article 7 of Decree No. 126/2020/ND-CP, and the tax rates specified in Appendix I of Circular No. 40/2021/TT-BTC.
These support payments to customers may be included as deductible expenses when calculating taxable corporate income, provided that the Company retains valid invoices and documents as required by law and satisfies the conditions specified in Article 4 of Circular No. 96/2015/TT-BTC. |
04/4/2025 |
Tax Administration
26/4/2025: Official Letter No. 874/CT-NVT from the Tax Department regarding late payment interest
In cases where personal income tax is payable and a payment slip to the state budget is issued with incorrect economic content (sub-item 4917), but no request is made to the tax authority to verify and correct the payment information or to offset the overpaid amount against outstanding tax, late payment interest, or fines, the tax authority shall calculate late payment interest on the outstanding personal income tax in accordance with Article 59 of the Law on Tax Administration.
Import and Export Taxes
24/4/2025: Official Letter No. 3118/CHQ-GSQL from the Customs Department regarding issues with Form D C/O
ASEAN member countries have agreed on the interpretation that in cases where (i) the manufacturer and the invoice issuer are located in the same country, or (ii) the invoice issuer and the importer are located in the same country, it is not required to check the “third-party invoice” box in Box No. 13. However, the information of the invoice issuer must still be declared on the Certificate of Origin (C/O).
For Form D C/Os where the commercial invoice is issued by a company based in a third country (non-member) or by an ASEAN exporter representing that company, the procedures must comply with Article 23, Appendix 7 of Circular No. 22/2016/TT-BCT as amended and supplemented by Circular No. 10/2022/TT-BCT.
Value-Added Tax (VAT)
21/4/2025: Official Letter No. 1638/CCTKV06-QLDN1 from the Regional Tax Sub-Department VI regarding VAT refund
1. In the case where the Company imports raw materials under customs declaration type E31 and then sends all the imported materials to a company based in Vietnam for processing into finished products, which are then re-imported by the Company for export under customs declaration type E62;
2. In the case where the Company imports raw materials and supplies under customs declaration type E31 and then sends all the imported materials to a domestic company for processing into finished products (e.g., Bluetooth speakers), and subsequently re-imports those finished products for packaging and export under customs declaration type E62;
In both of the above cases, the VAT paid at the import stage for materials used in processing and manufacturing goods for export qualifies for VAT refund for exported goods and services under Article 2 of Circular No. 25/2018/TT-BTC. If the Company meets the required conditions, the refund procedures shall follow Point b, Clause 1, Article 28 of Circular No. 80/2021/TT-BTC.
Corporate Income Tax (CIT)
04/4/2025: Official Letter No. 244/CCTKV17-QLDN1 from Regional Tax Sub-Department XVII regarding customer support expenses
In cases where the Company provides payments for sales incentives, promotions, trade discounts, payment discounts, or other forms of monetary or non-monetary support to household businesses or individual business owners who declare tax under the lump-sum method, the Company is responsible for withholding and paying taxes on their behalf, in accordance with Clause 5, Article 7 of Decree No. 126/2020/ND-CP, and the tax rates specified in Appendix I of Circular No. 40/2021/TT-BTC.
These support payments to customers may be included as deductible expenses when calculating taxable corporate income, provided that the Company retains valid invoices and documents as required by law and satisfies the conditions specified in Article 4 of Circular No. 96/2015/TT-BTC.