Withholding method Agent of a foreign sea transport firm Company A (VN): - Company F - to transport and collect fees USD100,000 VN SIN USA : Company B (VN) Transporting goods from VN to SIN USD20,000 : Transporting Company F from VN to USA Taxable turnover for CIT: 100,000 20,000 = 80,000 –
Withholding method Company A (VN): Agent of a foreign sea transport firm - Company F - to transport and collect fees USD100,000 VN SIN Company B (VN) : Transporting goods from VN to SIN USD20,000 Company F : Transporting from VN to USA USA Taxable turnover for CIT: 100,000 – 20,000 = 80,000
1012_VS-FCT%20Slides%20(Trainer).docx