Due to the specific nature of the industry, NVC has signed the Trademark license agreement with foreign vendors related to the imported biological materials for vaccine production.

In this Trademark license agreement, the Company incurs fees paid to foreign vendors such as: licensing fees, fees for applying for a transfer license, fees for importing/exporting materials, costs of transporting and handling of licensed materials; other related fees.

NVC's Board of Directors realized the complexity of the agreement. In addition, the company's accounting department does not have much experience in this new arising transaction to related fees paid to foreign vendors. This leads them to face many difficulties in accurately determining contractor tax obligations. Besides, determining contractor tax obligations is also related to other specialized laws such as technology transfer law and intellectual property law.

Therefore, the Company wants to get advice and solutions from TPM in order to correctly determine tax obligations, and avoid risks for businesses.