On April 15, 2024, the General Department of Taxation issued Official Letter No. 1569/TCT-KK:
In cases where the branch is a dependent unit of the company, terminates its activities, and terminates its tax code validity, but still has input value added tax (VAT) that has not been fully deducted up to the time of termination, if it meets the full conditions for tax deduction as prescribeds by the law on value added tax, then the branch can transfer the remaining input VAT to the parent company for the parent company to continue declaring and deducting according to regulations.
