Tax Reporting and Purchase Confirmation Application for Direct Import and Re-export
Machine translated
We manufacture and distribute fashion products domestically, but manufacturing takes place overseas, and we import the goods. I am inquiring based on this premise.
1. An overseas company requested a supply of goods, so we received the product price in USD in a specific month, and subsequently, the goods were delivered to a domestic logistics company that handles transactions with said overseas company. In this case, no domestic tax invoice has been issued, only an invoice in our own format has been issued, and there is no export invoice either. How should we handle tax reporting in this situation?
2. I understand that a Purchase Confirmation is applied for and issued by a domestic intermediary purchasing the goods. Is it possible for our company to apply for a Purchase Confirmation directly as well?
Answer 1
- 0✓1. In the case of direct export abroad, if you do not have an export declaration certificate under your company's name, you can apply the zero tax rate by submitting a foreign currency remittance certificate (issued by a bank) as a supporting document for the zero tax rate. 2. The purpose of issuing a Purchase Confirmation is to apply the zero tax rate to purchase transactions from domestic suppliers. In your case, since you imported directly, you cannot apply for a Purchase Confirmation.Machine translated
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