INDOVINABANK LTD (IVB) would like to thank you for your trusting and using IVB's services in the past time.
Pursuant to Official Letter No. 1606/TCT-DNL dated April 22,2020 of the General Department of Taxation RE: VAT on LC services of credit institutions, IVB would like to have announcement about applying VAT on services related to the Letter of Credit including Standby L/C as the current regulations.
With the purpose of following the regulations, many thanks for your kind understanding. IVB looks forward to continuing to receive your support and companionship in coming time.