OFFICIAL LETTER NO.5485/BTC-TCT DATED 26 APRIL 2014 OF MOF IN GUIDANCE OF THAT THE NEWLY-ESTABLISHED ENTERPRISES, COOPERATIVES HAVING THE INVESTMENT PLAN FROM 1 BILLION VND CAN BE VOLUNTARY TO APPLYING TO VAT DEDUCTION METHOD
According to official letter No. 5485/BTC-TCT:
The newly-established enterprises, cooperatives having the approved investment plans by with investment capital from 1 billion VND will be applied to VAT deduction method.
When Notification of VAT deduction method and VAT registration files are submitted to tax authority, the newly-established enterprises, cooperatives also submit the investment plan with the investment commitment documents from 1 billion VND within 12 months. During 12 months, if enterprises, cooperatives are not qualified to approve the invested, acquired assets from 1 billion VND and enterprises, cooperatives are not allowed to issue invoices
