Timing of Value Added Tax Invoice Issuance for Export Activities

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On June 3, 2024, the Tax Department of Lao Cai Province issued Official Dispatch No. 3629/CT-TTHT regarding the timing of value-added tax invoice issuance for export activities.

Based on Clause 2, Article 7 of Law on Tax Administration No. 38/2019/QH14 dated June 13, 2019, which stipulates currency for tax declaration and payment; Clause 7, Article 3 of Circular No. 119/2014/TT-BTC dated August 25, 2014, by the Ministry of Finance, amending and supplementing Clause 4, Article 16 of Circular No. 219/2013/TT-BTC dated December 31, 2013, by the Ministry of Finance:

In the case of a company engaging in export activities, the timing of invoice issuance is after completing the procedures for exporting goods and determining the revenue from exports for tax calculation purposes, which is the date of customs clearance confirmation on the customs declaration. The applicable exchange rate for recording revenue from exported goods is the actual transaction rate at the time of the transaction.


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