OFFICIAL LETTER 2374/TCT-CS DATED 01 JUNE 2016 OF GDT GUIDING INVOICES FOR ENTRUSTED GOODS
According to official letter 2374/TCT-CS:
The company signed contracts of entrusted goods with an enterprise in Vietnam. Accordingly, the company is entrusted to sign contracts and pays to foreign party in accordance with incoterm of EXW; doing procedures to register customs declaration and pays tax at import stage. After paying VAT at import stage for entrusted goods, the company issues VAT invoices to return entrusted goods with following contents:
- Amount without VAT: amount stated at in customs declaration.
- VAT at import stage: written with the paid tax amount at import stage in payment certificate to State budget.
For import entrusted fee, the company prepares VAT invoice and declares, pays VAT as regulations.
