OFFICIAL LETTER 3241/TCT-KK DATED 20 JULY 2016 OF GDT GUIDING THE RETURNED EXPORT GOODS DECLARATION
Official letter 3241/TCT-KK:
In case, enterprises incurred the returned export goods and self-declared to tax authority before the time that tax authority inspected and examined, they prepare the added declaration forms of declaration period proposed to refund tax. In the added declaration form to reduce revenue of the returned export goods and the refunded tax amounts.
The adjusted tax amounts to reduce the refunded tax amount item [42] to increase the deducted amounts carried forward to the previous period item [43] in the added declaration form, tax payers put into the items [37] and [38] of the declaration form in the added declaration period.
When taxpayers sell export goods in the domestic market with sale VAT or export, they declare VAT of export goods that retrieve the tax refund to the item [38] adjusting to increase deductible VAT of the previous period in form 01/GTGT.
Enterprises repay the refunded tax amount matched to the returned export goods and late payment amount from customs procedure completion time to the date of paying to State budget.
