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blue-check Regarding conditions for tax exemption with regard to discounts given to imported goods

Official letter No. 07/TCHQ-TXNK dated January 3rd, 2023 of the General Department of Vietnam Customs regarding consideration of discounts given to imported goods
Posted: 5/1/2023 10:54:48 AM | Latest updated: 6/2/2023 4:42:54 PM (GMT+7) | LuatVietnam: 5631 | Vietlaw: 605
VietlawOnline

The General Department of Vietnam Customs notes that in case an enterprise has imports which are given direct discounts by its partners, the discounts do not belong to types of discount regulated at point d.1.1 clause 2 Article 15 of Circular No. 39/2015/TT-BTCstatus2 (including discount according to the commercial level, discount according to the sales or discount according to the form and time of payment), these discounts shall not be deducted upon calculation of tax.

In addition, in order to be deducted discounts upon calculation of tax, the shipment must additionally meet the conditions “payment is made through the bank using the L/C method or the TTR method”, other forms of payment shall not be accepted (point d.1.4 clause 2 Article 15 of Circular No. 39/2015/TT-BTCstatus2 ).

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 605

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