Official Letter No. 4968/CT-CS dated November 5, 2025, issued by the Tax Department regarding Value-Added Tax (VAT) policy

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Official Letter No. 4968/CT-CS dated November 5, 2025, issued by the Tax Department regarding Value-Added Tax (VAT) policy is as follows:

by KMC Consulting Company Limited

In case a company does not directly engage in afforestation but purchases plantation timber from other organizations or individuals and subsequently processes (chops or grinds) it into woodchip products for sale, such woodchip products sold at the commercial trading stage are subject to VAT at the rate of 10%.

For more detailed information about this or related Tax Advisory, please don't hesitate to contact us.
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