Pursuant to current regulations, in case a company in Vietnam imports goods from abroad and completes procedures for importing them into a bonded warehouse, then transfers the ownership rights at the bonded warehouse to a buyer in Vietnam, then:
– In case the buyer is a Vietnamese enterprise (not an enterprise in a non-tariff zone), when transferring ownership of goods in a bonded warehouse, it shall be determined as a goods sale and purchase relationship in a non-tariff zone; and not subject to VAT.
– In case the buyer is an enterprise in a non-tariff zone (as specified in Clause 20, Article 4 of Circular 219/2013/TT-BTC), when transferring ownership of goods in a bonded warehouse it is the goods trading relationship between non-tariff zones and not subject to VAT.
– When making a VAT invoice, the company only writes the selling price line as the payment price, the tax rate and the VAT amount that is not written and crossed out.
- TAX TREATMENT WHEN BUYING SOFTWARE FROM OVERSEAS
- COMMON PRACTICE ON BASIC UNDERSTANDING OF FCT IN VIETNAM
- TAX POLICY IN VIETNAM FOR THE MEMBERSHIP FEE FROM ORGANIZATION WITHOUT USING INVOICE
- REGULATIONS ON WITHHOLDING TAX 10% ON THE PAYMENT TO FREELANCERS IN VIETNAM
- SCOPES OF RETAINER (ADVISORY) SERVICE FROM FREELANCE ACCOUNTANT VIETNAM
- NOTICE FOR TAX RISK WHEN THE SELLING PRICE IS LOWER THAN THE COST OF GOODS SOLD