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Tax Update

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Official letter No. 2091/CTBNI-TTHT dated July 23rd 2021 of Bac Ninh Tax Department regard to VAT Tax policy for processing services of EPE company to domestic company

In case the company is Export-processing enterprise (EPE) provides processing services to domestic company, the company has to set up separate accounting book for recording revenues, expenses related to outsourcing service activities in Vietnam and registering VAT calculation method, supplement register on VAT payable declaration to directly managing Tax department

Invoice using when receiving processing fee from client:

  1. In case the company belongs to credit invoice VAT calculation method, the company uses the VAT invoice, declare and pay tax according to regulation
  2. In case the company belongs to direct VAT calculation method, the company uses the Sales invoice, pay tax according to regulation,

Please kindly check attachment file for further information

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