Newsletter updates new documents on taxes, invoices… Below are notable documents:
1. Official Dispatch 2937/CV-DCSKT-MT issued on September 30, 2024: This official dispatch was issued by Nghi Son Town Police, Thanh Hoa, to request coordination in resolving a specific criminal case. Of these, 185 companies were determined to have illegally issued and sold invoices. These companies have issued invoices to a total of 2,667 units and individuals nationwide, of which many invoices were issued to business addresses in the city. Ho Chi Minh. The dispatch emphasizes the need to inspect and handle these violations to ensure transparency and legality in business activities.
Click here to view detailed dispatch
2. Official Dispatch 5027/CTDON-TTHT issued on June 25, 2024: This official dispatch from the Tax Department of Dong Nai province provides instructions on how to handle electronic invoices when a company receives back goods, especially goods that are about to expire. According to regulations, the company needs to prepare a downward adjustment invoice for the previously issued invoice. In addition, when sending new goods to the buyer, the company also needs to issue a new invoice according to current regulations. This is to ensure proper recording and management of invoices in accordance with the law.
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3. Official dispatch 2160/CCT-KTr issued on October 8, 2024: Nui Thanh District Tax Department has issued this official dispatch to respond to tax policies related to adjusting the final settlement value of works. The official dispatch clearly stipulates that, in case an invoice has errors, the parties involved (seller and buyer) need to draw up a written agreement clearly stating the errors and notify the tax authority. If there are errors in invoices as prescribed in Decree No. 123/2020/ND-CP, correction or replacement invoices need to be made according to regulations. The official dispatch also provides guidance on the process of filing additional tax declaration documents in specific cases.
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4. Official Dispatch 3642/CTBDI-TTHT issued on October 7, 2024: An official dispatch from the Tax Department of Binh Dinh province has corrected some information related to tax policy on savings interest. Accordingly, interest on bank deposits is considered other financial income. When receiving this interest, businesses do not need to issue invoices but only need to make receipts. Furthermore, when interest arises from bank deposits, businesses do not have to allocate input VAT to bank deposit activities.
Click here to view detailed dispatch
5. Official Dispatch 7097/CTBGI-TTHT issued on October 8, 2024: The Tax Department of Bac Giang province has provided guidance on tax policy for bank deposit interest. In case an enterprise has idle money deposited at a commercial bank and generates interest, this interest will be determined as a financial income that does not have to be declared and calculated to pay value added tax (VAT). Therefore, when receiving interest from the bank, businesses do not need to issue invoices for this interest income.
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6. Official Dispatch 1711/CTTTH-TTHT issued on October 4, 2024: Official dispatch from the Tax Department of Thua Thien Hue province mentions the deduction of VAT paid on behalf of foreign contractors. If an enterprise incurs VAT paid on behalf of a foreign contractor related to goods and services serving the enterprise’s production and business, it can be deducted. Enterprises need to summarize this VAT amount in the VAT declaration according to the prescribed form.
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7. Official Dispatch 5564/CTTBI-TTHT issued on October 4, 2024: This official dispatch from the Tax Department of Thai Binh province provides guidance on tax policies for e-commerce business activities. The General Department of Taxation has developed a section “Tax guidance for households and individuals doing e-commerce business” to support organizations and individuals in fulfilling their tax obligations. Interested businesses and individuals can visit the tax industry’s website for more detailed information.
Click here to view detailed dispatch
8. Official Dispatch 5629/CTDON-TTHT issued on July 15, 2024: Official dispatch from the Tax Department of Dong Nai province mentions the handling of overpaid personal income tax. Enterprises with overpaid personal income tax will be compensated. If after offsetting the tax amount still payable, the enterprise will have to fulfill its tax payment obligation according to the provisions of law.
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9. Official Dispatch 6971/CTBGI-TTHT issued on October 4, 2024: This official dispatch provides guidance on tax policy for provisions payable for commission payments to foreign organizations and individuals. If the provision meets the provisions in Article 62 of Circular No. 200/2014/TT-BTC and the regulations on deductible expenses, the enterprise can include them in deductible expenses when determining income. subject to corporate income tax.
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10. Official Dispatch 4855/TCHQ-TXNK issued on October 8, 2024: Official dispatch from the General Department of Customs mentions the import tax refund process when exporting products produced from imported goods. Taxpayers need to declare detailed export products and information related to raw materials and supplies used in the production process. Tax refund will be considered based on relevant documents provided by the taxpayer.
