12 January 2022
The Tax Department of Buon Me Thuot City has issued Official Letter No. 6492/CCT-TTHT dated 08 December 2021 on invoicing when applying commercial discount with the following main contents:
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In case the enterprise applies the form of commercial discount to customers (if any), the VAT calculation price is the discounted commercial selling price for the customer.
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In case the commercial discount is based on the quantity and sales of goods and services, the discount shall be included in the invoice for the last sale or transferred to the next period.
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In case the discount is offered after the sales promotion program, an adjustment shall be made attached to the list of invoice numbers needing to be adjusted, the payment amount and tax amount to be adjusted. According to the adjusted invoice, the buyer and the seller shall adjust their revenues, input, and output taxes.
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