Official Letter No. 3819/TCT-CS dated 6 September 2014 (OL 3819) and Official Letter No. 3997/TCT-DNL dated 16 September 2014 (OL 3997) on cashless payment requirement to overseas business trip expenses and payment of airfares for business trip purpose settled by individual’s credit card Pursuant to OL 3819 and OL 3997, in case overseas business trip expenses and payment of airfares for business trip purpose from VND20 million are settled by individual’s credit card, such payment is still accepted as cashless payment and those expenses shall qualify for CIT deduction purpose provided that the condition on documentation is met.
Official Letter No. 5732/CT-TTHT dated 21 July 2014 (OL 5732) on payment of health insurance and accidental insurance for employees Pursuant to OL 5732, payment of health non compulsory insurance and accidental insurance for employees of which the entitlement condition and level are clearly stipulated in the policy are deductible expenses capped at VND1 million/ person/month if enterprises have fully contributed compulsory insurance for employees.
Official Letter No. 3846/TCT-CS dated 8 September 2014 (OL 3846) on taxable revenue in case of goods delivery under DDU term The OL 3846 confirms that the 1% CIT rate shall be applied on total value of contract, regardless of value separation between transportation fee and value of imported goods, in case goods are imported into Vietnam
under DDU delivery terms.