August 1st, 2023. Hanoi Tax Department issued Official Letter No. 55524/CTHN-TTHT, according to which:
In case the insurance enterprise compensates the Company in cash according to the provisions of the insurance law, when receiving the above-mentioned compensation, the Company shall make a receipt of the collection according to regulations and do not have to declare and pay VAT according to the provisions of the law on insurance guided in Clause 1, Article 5 of Circular No. 219/2013/TT-BTC dated December 31st, 2013 of the Ministry of Finance.
