VAT paid by foreign contractors

12-Sep-2005 Intellasia | 23/May/2005 General Department of Taxation | 8:40 AM Print This Post

Under Official Letter 1477 TCT/DTNN dated May 18, 2005 of the General Department of Taxation, Vietnamese investor owners do not have to pay value added tax (VAT) levied on goods and services (bought by foreign contractors) for foreign contractors. If contractors carry out official development assistance (ODA) projects, contractors can make required procedures for input VAT refunds that were paid when they bought these goods and services.
[Official Letter 1477 TCT/DTNN dated May 18, 2005]

 

Category: Legal

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