Are VAT invoices required for exported goods, services ?

Hi DMS Attorney in Vietnam! My company is using the credit-invoice method to declare VAT.  Could you advise me about use of VAT invoices ? Are VAT invoices required for exported goods, services ? 

Hi!

VAT invoices:

VAT invoices (template 3.1 in Appendix 3 and template 5.1 in Appendix 5 enclosed herewith) are invoices used by organizations that declare and calculate VAT using the credit-invoice method for: 

Domestic goods sale and service provision;

International transport;

Export of goods to free trade zones and other cases considered export.

Example:

Company A is a company that declares VAT using the credit-invoice method, sells goods in Vietnam and export goods. Company A shall use VAT invoices for its sales of goods in Vietnam (domestic sales) and not use VAT invoices for exportation   (Clause 1 Article 5 Circular No. 119/2014/TT-BTC dated 08/25/2014).

Therefore, the enterprise shall not issue VAT invoices for exported goods./.

Legal bases:

Clause 2 Article 3, Clause 3 Article 32 Circular No. 39/2014/TT-BTC dated 03/31/2014;

Official Correspondence No. 7924/BTC-TCHQ dated 06/16/2014;

Official Correspondence No. 11352/BTC-TCHQ dated 08/14/2014;

Clause 1 Article 5 Circular No. 119/2014/TT-BTC dated 08/25/2014.

Related topics:

Filing frequencies for VAT returns in Vietnam

Responsibility to submit VAT declaration in Vietnam

Conditions for input VAT deduction

Consulting services:

Phone: 0914 165 703 or email: dmslawfirm@gmail.com

Deduction of input VAT in Vietnam

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