According to Clause 4 Article 5 of Circular No. 219/2013/TT-BTC , if the activity of transfer of a project within the investment stage meets the conditions of investment – related laws and the transferee continues performing the project in accordance with the initial target, it shall be exempt from declaration and payment of VAT.
When the transferor makes invoice, it is only required to write at the entry of selling price which is the payment price; at the entry of tax rate, the VAT amount shall not be written and shall be crossed out.
|Published||Vietlaw's Newsletter No. 389|