OFFICIAL LETTER NO 2318/CT-TTHT DATED OF JULY, 17 2020 ON NON-PAYMENT OF IMPORTING GOODS CAUSED BY OWNERLESS
Official letter No 2318/CT-TTHT dated of July, 17 2020 On non-payment of importing goods caused by ownerless as follows:
For a long time the company has not found out the owner to pay the debt. The company made the a written decision not to pay the debt that shall be handled as follows:
- On CIT: The debt does not need to pay the suppliers which are recorded in Others Income at same tax period with written decision of the Company.
- On VAT: If the debt is less than VND 20 million, it is not required to adjust the VAT amount previously recorded. The outstanding amount but not payable to suppliers with payment value of VND 20 million or more, the Company adjusts to reduce the declared VAT withheld in proportion to the purchase of goods not paid to the suppliers in accordance with the regulations.
