Deductible VAT paid by subsidiaries

08-Sep-2005 Intellasia | 30/Aug/2005 General Department of Taxation | 4:24 PM Print This Post

A business is allowed to deduct value added tax (VAT) that has been paid by construction, installation subsidiaries when calculating payable tax amount of the whole business.
[Official Letter 2981/TCT-DNNN dated August 30, 2005]

 

Category: Legal

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