Handling goods discarded locally after export declaration
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After completing the export declaration, defects were discovered in the sold products, and they were subsequently discarded locally.
In this case, what procedures should the exporter follow? Is a correction of the export declaration mandatory? How should sales cancellations and the removal of accounts receivable be handled?
Answer 1
- 0I understand that if exported goods are disposed of locally without being brought back into the country when a claim occurs, an export declaration amendment cannot be made (consultation with a customs broker is required). In this case, the taxable base on the VAT return cannot be canceled; instead, it is processed as a sales cancellation in accounting and a loss on inventory disposal for the relevant goods. Regarding the processing of sales cancellations and inventory disposal, you must prepare appropriate supporting documents to prepare for any future requests for explanation from the tax office.Machine translated
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