The Official Letter No. 353/CT-CS dated March 28, 2025, issued by the Tax Department regarding Value-Added Tax (VAT)

In the case where Vietnam International Bank's Debt and Asset Management One Member Limited Liability Company (the Company) engages in the purchase of collateral assets for loans, specifically the value of land use rights and assets attached to the land (acquired through auction from enforcement sub-departments or through valuation units hired by the Company), this activity is considered a transfer of land use rights from organizations or individuals. The deductible land value is applied in accordance with Point a.4, Clause 3, Article 1 of Decree No. 49/2022/ND-CP dated July 29, 2022, of the Government.

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