According to the General Department of Taxation’s opinions, in case a Company transfers a project on commercial center to another company, if the transfer of the project is performed in accordance with regulations of laws and the project belongs to the sector of production of, trading in VATabe goods, services, it shall be exempt from VAT declaration and payment according to Clause 4 Article 5 of Circular No. 219/2013/TT-BTC .
However, if it is determined the activity of transfer of assets rather than transfer of investment project, it is required to declare and pay VAT.
|Published||Vietlaw's Newsletter No. 447|
Regarding authorization of transfer of a project (16/10/2018)