Based on clause 3 Article 5 of Circular No. 219/2013/TT-BTC and clause 1 Article 2 of Circular No. 78/2014/TT-BTC , 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.
|Published||Vietlaw's Newsletter No. 590|