NEWSLETTER OCTOBER 2019
Official Letter No. 20527/CT-TTHT (OL 20527) about VAT policy OL 20527 issued by Binh Duong Department of Taxation about VAT on 14th October 2019 handles the case that the company has income from acting as an agency to seek and introduce Vietnamese clients to foreign organizations or individuals. According to regulations stated in Circular No. 219/2013/TT-BTC dated 31st December 2013 by the Ministry of Finance: – In case the agency service is consumed abroad, and meets the requirement regulated in Clause 2, Article 9 of Circular 219, it is subject to VAT rate of 0%. – In case the...