Official Letter No. 726/CT-CS dated 21/04/2025 issued by the Department of Taxation on tax policies

In case, the handover of assets according to the Record of handover of collateral to be deducted from the debt repayment obligation, not to transfer rights and obligations with debt security measures as prescribed in the Civil Code No. 91/2015/QH13 and failing to carry out registration procedures with competent agencies in accordance with the law on registration secured transactions and recipients of assets for debt deduction carry out procedures for transfer of ownership and use rights of assets for debt deduction, this is an asset transfer activity subject to VAT and CIT declaration and payment in accordance with the tax law.

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