Liquidation of representative office’s assets is not required to declare and pay for Value Added Tax and Corporate Income Tax

04/05/2019 Uncategorized VBP

On January 7th, 2019, Hanoi Department of Tax issued the Official Letter No.816/CT-TTHT. Accordingly, representative offices of foreign traders in Vietnam, which liquidate assets that are purchased for the operation of the representative office, are not required to declare and pay for VAT and CIT and are not issued invoices by tax authorities.