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Last updated: Friday, August 18, 2017

 

Please let us about capital transfer associating with the transfer of land use right?

Posted: Tuesday, February 10, 2009

On 04 November 2008, the General Department of Taxation issued official letter No. 4157/TCT-CS on capital transfer associating with the transfer of land user right.
 
Accordingly, in case where an enterprise being the investor of a project permits other enterprise to contribute its capital to the project, the investor’s capital is nature “the right to implement the project”. Consequently, if the enterprise being the investor of the project transfer its joint stock to another enterprise, it is defined as the capital transfer associating with the transfer of land use right. The enterprise having income from transferring the right of leasing land must declare and pay income tax under the regulations at Part C of Circular No. 134/2007/TT-BTC.
 
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