blue-check How to determine deductible “purchase price” upon calculating tax on capital transfer

Official letter No. 43223/CTHN-TTHT dated November 1st, 2021 of the Department of Taxation of Ha Noi city regarding determination of cost price upon transferring contributions for establishment of enterprise
Posted: 5/11/2021 7:24:13 AM | Latest updated: 28/2/2022 9:04:22 AM (GMT+7) | LuatVietnam: 5327 | Vietlaw: 549

Based on Article 8 of Circular No. 96/2015/TT-BTCstatus2 , the deductible “purchase price” upon calculating tax on capital transfer is determined on a case-by-case basis as follows:

- If the transferred capital is the capital contributed to establish enterprise, the purchase price is the value of the contributed capital accumulated to the time of transfer based on the accounting books, documents and certified by the contributing parties.

- If the capital is repurchased, the purchase price is the capital value at the time of repurchase, based on the contract of repurchase of the contributed capital and the payment receipts.

Ms Phuong Thao (
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Published Vietlaw's Newsletter No. 549
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Capital transfer