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Official Letter 347/TCT-DNNCN issued by the general department of taxation


Regarding the policies and procedures for payment of the solar power system questions raised by Vietnam Electricity (EVN), on February 9, 2022, the General Department of Taxation (“GDT”) issued the Official Letter No. 347/TCT-DNNCN providing the official guidance.

Priorly, GDT has promulgated a number of official letter responding to specific cases such as the Official Letter 5162/TCT-DNL dated December 11, 2019 about Tax policies for rooftop solar power; the Official Letter 1840/TCT-CS dated May 31, 2021 about buying or selling of rooftop solar power.

The general guidance for this matter are as following:

  • The subject are issued invoices for transations on one-off basis: In case organizations are allowed to sell electricity, they must have Enterprise Registration Certificate and the Tax Authority shall guide the organizations or individual to issue invoices in accordance with regulations; organizations are allocated land by the State to use for the purpose of operating in hospitals, schools, places of worship establishments, administrative and non-business agencies... which has installed the system of rooftop solar for using and if there is an excess of electricity generated, it must be sold to EVN according to the signed contract, have invoices to deliver to EVN, and the Tax Authority shall issue an invoice for each incurred transaction as prescribed.

  • The value stated on the invoice is the contract price multiplied by VAT rate (3%).

Should you have any concerns during the process of implementing the regulations, please contact us.

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