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blue-check Regarding tax policy applicable to the activity of asset liquidation by a foreign representative office

Official letter No. 57837/CTHN-TTHT dated Noveber 25th, 2022 of the Department of Taxaition of Ha Noi city regarding tax policy applicable to the activity of asset liquidation
Posted: 30/11/2022 2:42:28 PM | Latest updated: 6/12/2022 4:34:13 PM (GMT+7) | LuatVietnam: 5592 | Vietlaw: 590
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Based on clause 3 Article 5 of Circular No. 219/2013/TT-BTCstatus2 and clause 1 Article 2 of Circular No. 78/2014/TT-BTCstatus2 , the Department of Taxation of Ha Noi city assums that in case a representative office of a foreign trader does not perform business and production activities, when it liquidates assets which are bought to serve the representative office’s operation, it shall be exempt from declaration and payment of value added and enterprise income tax.

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 590

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