Exemption of duties on loan interest that was guaranteed, insured, or indirect sponsored by Nippon Export and Investment Insurance
On July 31st 2018, Hanoi Department of Tax issued the Official dispatch No 53154/CT-TTHT. Whereby, the loan interest occurred in Vietnam on or after Nov 26th 2015, which was paid to any Japan residency, and related to loans guaranteed, insured or indirect sponsored by Nippon Export and Investment Insurance (NEXI) shall be exempted from duties in Vietnam as regulation in Clause 3 and Clause 4, Article 11 of Agreement to avoid double taxation and prevent from income tax evasion between Vietnamese and Japanese Government. The Enterprise has to make dossier of exemption tax according to Treaty and submit to Tax agency as guidance in Item b.2, Clause 3, Article 22, Circular 156/2013/TT-BTC dated Nov 06th 2013 by Ministry of Finance.
