Availability of Purchase Confirmations and Zero-Rate Tax Invoices for International Express (FedEx, DHL) and Hand-Carry Exports
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There are goods that have been exported from Korea to overseas via international express (FedEx). I would like to inquire whether exporting via express services allows for the issuance of a zero-rate tax invoice after issuing a purchase confirmation, similar to ocean freight. Additionally, I would like to ask if it is possible to issue a zero-rate tax invoice after issuing a purchase confirmation in cases where goods are exported from Korea to overseas via other express services such as DHL, or via hand-carry.
Answer 1
- 0Under the Value Added Tax Act, the scope of goods subject to the zero tax rate includes export via express delivery, and there is no distinction made between this and exports via vessels or other means. Considering this, even when goods are dispatched via express delivery, if the fact of overseas removal can be verified through documentation and is related to the acquisition of foreign currency, it is judged that the issuance of a Purchase Confirmation can be possible. On the other hand, in the case of hand-carry, it is difficult to provide a definitive answer as it is ambiguous whether the overseas removal can be verified through documentation.Machine translated
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