On August 03rd 2018, Hanoi Department of Tax issued the Official Letter No.54475/CT-TTHT. Accordingly, in case Enterprise is an Export Processing Enterprise that sells used fixed assets on the domestic market and has already paid import duties and import VAT for Customs Department. If this payment is carried out in the form of conversion of repurposed goods or sold domestically instead of being re-export, the Enterprise shall be required to implement procedure regulated in Clause 3, Article 13 of Circular No.39/2014/TT-BTC to be granted a Value Added Tax invoice for domestic businesses when liquidating fixed assets. The payable VAT amount of fixed asset liquidation activities shall be equal to (=) the VAT amount inscribed on the invoice minus (-) the payable VAT amount at the import stage when repurposing goods.
