The General Department of Taxation promulgated Official Letter 4107 / TCT-KK on Value Added Tax to EPE companies on September 12, 2017.
The contents are as follows.
· Manufacturers producing products to be exported aren’t subject to VAT.
· For other activities, it is subject to VAT. (Example: Commercial and
other trading businesses in Vietnam, this includes purchasing goods in
Vietnam for export, or sales of imported goods in Vietnam)
In addition, EPE companies need to have the following requirements.
1. Register with local tax authorities.
2. Record the income and expense arising from the activity separately in
the account book.
3. Clarify the storage location on products and goods.