OFFICIAL LETTER NO. 54037/CT-Htr DATED 21 OCTOBER 2014 OF HANOI TAXATION DEPARTMENT REPLYING TO TAX POLICY
According to official letter No. 54037/CT-Htr:
- For quick depreciation for fixed assets:
Enterprises notify tax authority in charge about quick depreciation method for fixed assets under the straight-line method, they will are stably applied each year. In case, they operate with high yield, the quick depreciation method for technology renovation is applied but its level is not double under the straight-line method, the enterprises must sure that the profits will be gained.
- For input VAT:
From 01 Jan 2014 to 31 Aug 2014: Basing on List 01-2/GTGT issued together with Circular 156/2013/TT-BTC, enterprises self-determine input VAT amounts without satisfying input VAT conditions and declare in item 2 "Goods, services are not qualified for deductible conditions" in the List 01-2/GTGT.
From 01 Sep 2014: Basing on List 01-2/GTGT issued together with Circular 119/2014/TT-BTC, enterprises must not declare VAT of the purchased goods, services without satisfying input VAT conditions in the List 01-2/GTGT.
- For address in the VAT invoices:
In case, enterprises have business address other than head office, specifically stated in business registration certificate, business address without tax codes, enterprises are allowed to deduct input VAT and recognize in expense if satisfying full regulations
