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VAT |
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| VAT on the sale of scrap, rejects and excess materials imported for processing
(Official Letter No. 26698/CT-TTHT dated 26/11/2020 of Binh Duong Tax Department) |
“In case the Company generates scrap, rejects and excess materials imported for processing (not more than 3% of the total quantity of each raw material imported under the processing contract), when selling for domestic consumption, the Company must pay tax as prescribed, for VAT paid according to the decision of the customs authority, the Company may be deducted if it meets the prescribed conditions.” |
