Official letter No. 2568/CT-TTHT dated April 13th 2021 issued by Binh Duong Tax Department regard to FCT calculation rate exchange
In cased the company has purchased goods, service transactions with foreign contractor, agreement and payment by USD
At the actually payment point, the company equivalent into VND by using sells rate exchange of commercial Bank which has frequently transaction to declare, submit and pay FCT according to regulations
In cased the paid foreign currency is a foreign currency with no direct rate exchange with VND, the cross rate of VND with other foreign currencies will be used to determine as prescribed in Article 3, Decree No. 2730 / QD-NHNN dated December 31st 2015 of the State Bank.