Vietnam - Guidance On Issuing Invoices When Transferring Land And Assets Formed On Land.
Legal Analysis & News - Asia Pacific - Vietnam - Regulatory & Compliance - Construction & Real Estate
29 September 2021
On 1 September 2021, the Tax Department of Hai Duong Province issued Official Letter No. 8079/CTHDU-TTHT to guide the issuance of invoices when transferring land and assets formed on land. Some of the main contents are as follows:
The transfer of factories and assets formed on land between export-processing enterprises is not subject to VAT.
Invoices used for such activity are sales invoices. This invoice must have a notification state that "For organizations and individuals in non-tariff zones".