Income deduction of subcontractors under foreign contractors

18-Jan-2005 Intellasia | 12/Jan/2005 Ministry of Finance | 9:16 PM Print This Post

Official Letter 134 TCT/DTNN dated January 12, 2005 by the Ministry of Finance regulated that in case foreign contractors who do not follow accounting regulations of Vietnam assign a part of their works to Vietnamese subcontractors, taxable income of foreign contractors will exclude value of the contract implemented by the Vietnamese subcontractor.
[Official Letter 134 TCT/DTNN dated January 12, 2005]

 

Category: Legal

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