On August 30th, 2023, Bac Ninh Tax Department issued Official Letter No. 3467/CTBNI-TTHT, according to which:
In case the Company declare, pay VAT by following credit-invoice method, use Authenticated e-invoices according to Decree No. 123/2020/ND-CP dated October 19th, 2020 of the Government, has goods export activities. The exporter shall issue a VAT invoice for the exports after the export procedures are completed according to the guidance at Point c, Clause 3, Article 13 of Decree No. 123/2020/ND-CP dated October 19th, 2020 of the Government.
Time for determining revenue from export to calculate value-added tax is the day on which customs procedure completion is confirmed on the customs declaration, according to the provisions of Clause 7, Article 3 of Circular No. 119/2014/TT-BTC dated August 25th, 2014 of the Ministry of Finance. Time for determining revenue for calculating taxable income is the time when the right to ownership and/or right to enjoyment of goods is transferred to the buyer, according to the provisions of Article 3 of Circular No. 96/2015/TT-BTC dated June 22nd, 2015 of the Ministry of Finance.
