Official letter No. 13885/CT-TT & HT ON 24 APRIL 12, 2012 OF TAXATION DEPARTMENT OF of Binh Duong province guiding the implementation of the compensation due to the packaging with poor quality
In Clause 2, Article 5 of Circular No. 06/2012/TT-BTC dated 11 Jan 2012 of the Ministry of Finance for some cases of VAT non-declaration and non-payment:
"The receivables from compensation, bonuses, support, money of transfer for emission rights and other financial receivables, excluding loan interest due of enterprises which are not credit institutions.
When Business establishments get these receivables on compensation, bonuses, support, money of transfer for emission rights and other financial receivables, they must prepare the receipt vouchers under regulations. Payers must prepare payment vouchers on the basis of the payment purposes.
If there are compensations with goods, services, compensator must prepare the invoices as the same as selling goods and services, compensation receivers must declare, deduct under regulations.
