OFFICIAL LETTER NO. 163/TCT-CS DATED 15 JAN 2015 OF GDT IN GUIDANCE OF FCT FOR PROVIDING FOR MACHINERY, EQUIPMENT ACCOMPNYING WITH INSTALLATION, TRAININGS, OPERATIONS, TRIAL RUN…
According to official letter No. 163/TCT-CS:
Machinery, equipment accompanying with installation, trainings, operations, trial run..., contracts separate the value of machinery, equipment and value of other activities, FCT is determined as follows:
- VAT:
+ Value of machinery, equipment: paying VAT at the import stage as current regulations.
+ Construction, installation excluding materials or the accompanied machinery, equipment: ratio (%) VAT to revenue is 50% .
+ Other services (supervision, training, operating, technical support...): ratio (%) VAT to revenue is 50%.
- CIT:
+ Value of machinery, equipment: Ratio (%) CIT to revenue is 1%.
+ Construction, installation excluding materials or the accompanied machinery, equipment: Ratio (%) CIT to revenue is 2%.
+ Other services (supervision, training, operating, technical support...): ratio (%) VAT to revenue is 5%
