VAT and CIT Expenses for tax imposed by Customs Offices

In case the Company incurs the payable tax amount under the Tax Liability Imposition Decision of the Customs office, except for cases where the Customs office imposes sanctions fraud or tax evasion, then:

• Value Added Tax (“VAT”): The Company may declare and deduct all paid input VAT under the Tax Liability Imposition Decision of the Customs office if it meets the VAT deduction conditions specified in Clause 10, Article 1 of Circular 26/2015/TT-BTC.
• Corporate Income Tax (“CIT”): The Company is included in the deductible expenses when determining the taxable income of the import tax amount paid according to the Tax Liability Imposition Decision of the Customs office if it complies with the provisions of Article 4 of Circular 96/2015/TT-BTC of the Ministry of Finance.