OFFICIAL LETTER 2252/TCT-CS DATED 26 MAY 2016 OF GDT GUIDING INVOICES, DOCUMENTS FOR DEPENDENT BRANCHES
According to official letter 2252/TCT-CS:
In case, the company has the dependent branches selling goods other than its head office, the branches submit VAT declaration files to their tax authority. While moving goods to the branches for sale, the company can chose one of these for invoices, documents as follows:
- Use VAT invoices as evidences for payments and declare to pay VAT of each unit and each independent stage;
- Use output vouchers cum internal control, enclosed with internal moving order;
The branches must prepare invoices for sale to deliver to buyers, and prepare the list of sale goods to send to the company to prepare VAT invoices for the actual sale. The branches declare, pay VAT for the sold goods to buyers and declare, deduct VAT input amounts in compliance with the invoices that the company prepared.
