To: Department of Taxation of Binh Duong province

In response to Official Dispatch No. 9201/CT-TT&HT dated June 13, 2016 from Department of Taxation of Binh Duong province regarding offsetting payment for exports, below are opinions of General Department of Taxation:

Article 16.3.b1 of Circular No. 219/2013/TT-BTC on requirements for offsetting and refunding input tax on goods and services for export: “b.1) When the payment for exported goods and services is offset against a debt to a foreign party, the following documents are compulsory:

- A loan contract (if the loan is due in less than 1 year); or certification of loan issued by the State bank of Vietnam (if the loan is due after 01 year).

- Receipt of bank transfer from abroad to Vietnam.

The export contract must allow the payment to be offset against the debt to a foreign party.

- A certification of the debt offsetting made by the foreign party.

- After offsetting, the remaining amount must be paid by bank transfer. The bank transfer receipts must be conformable with this Point.

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For your information./.

PP GENERAL DIRECTOR
DEPUTY GENERAL DIRECTOR




Cao Anh Tuan