30 November 2021
On 17 November 2021, Hai Duong Tax Department issued Official Letter No. 10989/CTHDU-TTHT to guide the registration of VAT declaration by the monthly deduction method for leasing factories of export processing enterprises. Some of the main contents are as follows:
This guide applies to export processing enterprises whose business lines are the production and processing of garment products and the subleasing of already built spare offices and factories (“Enterprise”).
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In case the Enterprise wants to lease spare offices and factories to other domestic enterprises, the Enterprise must open a separate accounting book to record revenue and expenses related to leasing activities. Warehouse and offices for the lease must be in a separate area.
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The act of leasing of offices and factories of the Enterprise must be registered with the competent tax authority to declare and pay VAT monthly/quarterly.
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