On December 5th, 2024, the Ha Nam Provincial Tax Department issued Official Letter No. 2928/CTVPH-TTHT, accordingly:
In case the Company makes payments to suppliers for expenses related to the purchase of goods, services, raw materials, assets, hospitality expenses, or business travel via the personal bank account or credit card of employees in the Company, then the Company makes payments from the Company’s bank account registered with the Tax authority to the above personal account:
– Expenses for purchases of goods, services, raw materials, assets, and hospitality expenses are determined as non-cash payments if the Company authorizes individuals to make payments through the bank, and the authorized payments must be specifically stipulated in a written contract according to regulations in Point c, Clause 6, Article 3 of Circular No. 119/2014/TT-BTC by the Ministry of Finance.
– Expenses incurred by the Company sending employees on business trips are determined as non-cash payments if the Company has a decision or written documentation sending employees on business trips, financial regulations or internal policies of the enterprise allow employees to make payments for business expenses using bank accounts or credit cards owned by the individual.
