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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Prepared by: Thi-Ha Nguyen, ACCA | DMS Law firm in Vietnam Director (Signed) Lawyer Do Minh Son |
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