For promotional products, goods that are not complying with regulations on commercial promotion, issuing invoices, making VAT declaration and payment is compulsory

On August 12th ,2020, The General Department of Taxation issued Official Letter No. 3295/TCT-DNL, whereby:

In case that the Company implements the media program for product promotion. For the products, goods that are used for promotion purposes comply with the law on commercial promotion. The Company must issue invoices with the product, goods name, quantity, the determined taxable price is zero (0), and leave the VAT rate section with only a cross on it. On the other hand, if the products, goods are used for promotion but do not comply with the provisions of the law on commercial promotion, the Company must issue invoices, declare and pay VAT as the products are used for donation and gifting purposes.