OFFICIAL LETTER 1637/TCT-CS DATED 25 APRIL 2017 OF GDT GUIDING VAT POLICY FOR DEFERRED PAYMENT GOODS
Official letter 1637/TCT-CS dated 25 April 2017 guiding VAT deductible for deferred payment goods as follows:
From 15 Nov 2014 (on Decree 91/2014/NĐ-CP on implementation effectiveness), incase, without yet transfer bank vouchers due to not yet the payment time as contract, the company still declares and deducts input VAT.
Until the payment time in the contract, the company still not yet pays and has no payment vouchers, the company has not yet revised the declared VAT deductions.
When the actual payments incurred, if the company does not have bank transfer vouchers (paid in cash or the forms without bank transfer payment) , the company must declare, reduce the declared VAT deductions with the goods, services without bank transfer payment vouchers in the incurred tax period of cash payment.
