OFFICIAL LETTER NO. 5477/CT-TT&HT DATED 11 JUNE 2015 OF BINH DUONG TAXATION DEPARTMENT IN GUIDANCE OF VAT FOR IMPORT GOODS
According to official letter No. 5477/CT-TT&HT:
If the Company imports goods from foreign country and paid fully VAT of import goods but due to a part of import goods is not qualified and foreign customers agree not to receive money for the unqualified import goods, VAT of import goods which must not be paid should be treated:
If the import goods are not qualified, are not put into business, are not created revenue, VAT of import goods will not be deducted and not included in deductible expense when CIT is determined.
If import goods are not qualified but the company puts them into business and creates revenue, other income, VAT of the import goods of those are not deducted due to not having non cash payment vouchers but recognized in deductible expense when CIT is determined.
Please, refer to: http://cucthue.binhduong.gov.vn/Noi_dung_chi_tiet_cv.aspx?ID_cv=5657
