Official Dispatch No. 6019/TCT-CS dated December 17, 2024, of the General Department of Taxation, Guidance on the issuance of invoices and declaration of VAT for collection and payment on behalf of others
The General Department of Taxation provides the following guidance:
Principles: In cases where a business establishment incurs amounts collected and paid on behalf of others, which are not related to the sale of goods or provision of services by the business establishment, the establishment is not required to declare or pay tax as per applicable regulations.
According to the Company’s explanation: In cases where suppliers issue VAT invoices indicating the Company’s name and tax identification number, and the Company subsequently requests the Partner to reimburse these amounts, the Company must issue a VAT invoice to the Partner, applying the VAT rate as stipulated by law. The Company is responsible for declaring input and output VAT in accordance with the applicable laws on tax management.
Please refer to the attached file for detailed information.
