On November 11th, 2021, Bac Ninh Tax Department issued Official Letter No. 3916/CTBNI-TTHT, thereby:
In case the Company signs a contract with an overseas organization to provide management consulting services for industrialization strategy formulation in Ho Chi Minh City, Vietnam, Service provided to overseas organizations and consumed in Vietnam (the service takes place in HCM city) is not subject to 0% VAT but subject to 10% VAT.
