Handling discrepancies in purchase date, currency, and amount between a Purchase Confirmation and a zero-rated tax invoice

Question

Our company imports goods from overseas and supplies them to domestic manufacturers without any processing (the manufacturer intends to export them after processing). We have received a Purchase Confirmation from the manufacturer, but the purchase date on the Purchase Confirmation is set as the arrival date at the port, and the currency and amount are listed as the foreign currency and the KRW converted amount from the import declaration. We intend to issue a zero-rated tax invoice to the manufacturer, and we plan to issue it by applying the foreign exchange brokerage announcement rate on the delivery date to the actual transaction currency amount. In this case, the purchase date, currency, and amount on the Purchase Confirmation differ from the supply date, currency, and amount on the zero-rated tax invoice. Please confirm if this will cause any issues and whether we can amend the Purchase Confirmation based on the zero-rated tax invoice we intend to issue.

tflow_expert · Answer

1. When comparing the amount on the Purchase Confirmation with the actual purchase amount (tax invoice amount), the tax invoice amount must not exceed the amount stated on the Purchase Confirmation. In the case of your question, it has been confirmed that the tax invoice amount is larger than the Purchase Confirmation amount, so it is judged that a correction will be necessary. 2. A discrepancy between the transaction currency on the Purchase Confirmation and the actual transaction currency on the tax invoice is considered a significant difference. While it is possible to amend the contents of the Purchase Confirmation, the issuance date of the Purchase Confirmation will change to the date of the amended issuance. Since issuing a Purchase Confirmation by the 10th of the month following the supply date is regarded as advance issuance, if you wish to issue an amended version, it is advisable to issue the amendment for that month's supply by the 10th of the following month.

Handling discrepancies in purchase date, currency, and amount between a Purchase Confirmation and a zero-rated tax invoice

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