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NO TAX DEDUCTIONS OR TAX REFUNDS ARE ALLOWED FOR EXPORT ACTIVITIES WHEN OFFSETTING DEBTS

According to Official Dispatch No. 3142/CTTPHCM-TTHT dated April 7, 2022 of the Ho Chi Minh City Tax Department, in case The Company transfers profits abroad to The Parent company in the form of offsetting with the receivables from The Parent company, this form of profit transfer is not consistent with Circular No. 186/2010/TT-BTC. At the same time, the payment for the Company's exported goods and services in the form of offsetting as presented is not considered payment through banks. As a result, the Company is not eligible for deduction or refund of VAT input of exported goods and services according to the provisions of Article 16 of Circular No. 219/2013/TT-BTC.

 

FTAC AUDITING AND CONSULTING CO.,LTD

Head office:  3 st floor, An Phu Plaza Building,  117-119 Ly Chinh Thang, Vo Thi Sau Ward, District 3, Ho Chi Minh City

Tan Binh Office: 11B Hong Ha Ward 2 Tan Binh City, HCMC

Hotline:  0906 713 480 - 0394 455 680

Email: viet.hb@ftac-audit.com

  • GLOBAL AUDITING AND FINANCIAL CONSULTING CO., LTD
  • GLOBAL AUDITING AND FINANCIAL CONSULTING CO., LTD
  • GLOBAL AUDITING AND FINANCIAL CONSULTING CO., LTD
  • GLOBAL AUDITING AND FINANCIAL CONSULTING CO., LTD
  • GLOBAL AUDITING AND FINANCIAL CONSULTING CO., LTD

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