Uni 26-12-2013 - Guidance on VAT for the merged enterprises

According to official letter No.4229/TCT-KK:

• In the case of that enterprise A is now merged into the enterprise and enterprise A still has the outstanding input VAT amount, enterprise A is allowed to transfer this amount to enterprise B for continuous VAT deduction.
• The number of creditable VAT of enterprise A that was transferred to enterprise B on basis of the inspection conclusions of finalization tax and Notification of the transferred tax amount from tax authority in charge of enterprise A.
• In case, enterprise B omits and does not declare this creditable VAT amount, enterprise B is allowed make the  additional declaration before the tax authority announces its decision to examine or inspect tax at the headquarter