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blue-check Regarding separation of value of supplies and equipment for tax calculation by construction contractors

Official letter No. 4223/TCT-CS dated November 15th, 2022 of the General Department of Taxation regarding tax policy
Posted: 21/2/2023 2:36:47 PM | Latest updated: 23/2/2023 3:48:00 PM (GMT+7) | LuatVietnam: 5642 | Vietlaw: 600
VietlawOnline

The General Department of Taxation notes that in case a contractor contract does not regulate in details quantity, price unit of each type of supply, equipment which the contractor has to provide for the construction works and the payment receipts, documents do not specify value of machinery, equipment attached to construction items, there is no ground to separate the value of the "purchase, provision of supply, equipment" to apply the rate of EIT calculation at 1%.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 600

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