On October 23, 2024, the Binh Duong Tax Department issued Official Letter No. 27668/CTBDU-TTHT on the determination of value-added tax (VAT) for goods trading transactions abroad.
Accordingly, if an enterprise buys goods from abroad, does not carry out customs procedures in Vietnam but sells such goods directly to another country, the revenue from this transaction is subject to the VAT rate of 0%.
Enterprises must submit documents to prove that the delivery and receipt of goods takes place outside the territory of Vietnam, such as:
- A purchase contract signed with the foreign seller;
- A sales contract signed with the buyer;
- Documents verifying that the goods were delivered and received outside Vietnam, such as international commercial invoices, bills of lading, packing lists, certificates of origin, etc.;
- Bank payment records, including evidence of payment from the enterprise to the foreign seller and evidence of payment from the buyer to the enterprise.
The enterprise is required to issue VAT invoices in accordance with regulations.
(According to Official Letter No. 27668/CTBDU-TTHT dated October 23, 2024)
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