Official Dispatch No. 1014/CTHPH-TTHT dated March 17, 2023 of Hai Phong City Tax Department guides Corporate Income Tax policies for invoices and documents in foreign languages
Accordingly, the Tax Department guides the case that the Company in Vietnam signs a warehouse lease contract with another company in the US, the cost of renting the warehouse is included in the deductible cost when determining the corporate income taxable income if it meets the conditions specified in Article 4 of Circular No. 96/2015/TT-BTC.
Specifically, the expenditures have full invoices and legal documents in accordance with the regulations of the host country, related to the production and business activities of the Company and have payment documents as prescribed. At the same time, with accounting documents in foreign languages, when using accounting books in Vietnam, they must be translated into Vietnamese according to the guidance in Article 85 of Circular No. 80/2021/TT-BTC and Clause 6, Article 1 of Circular No. 53/2016/TT-BTC.