On November 25, 2019, Hanoi City Tax Department issued Official Letter No. 88465/CT-TTHT. Whereby:
In case the Company buys assets and services directly sold by non-business households or individuals; purchases goods and services of individuals or business households with revenue below the threshold subject to value-added tax (VND 100 million/ year), the Company is allowed to make list on statement of purchase according to the guidance at Point 2.4, Clause 2, Article 4. Circular No. 96/2015/TT-BTC. In case the Company purchases goods or services of a business household with an annual revenue of VND 100 million or more, in order to recognize it as expenses when calculating CIT, the Company must have invoices of the business household and meet requirements as instructed in Article 4 of Circular No. 96/2015/TT-BTC above.
