Withholding method TAXABLE TURNOVER FOR CIT (9/12) Example Company A (VN) , agent of a foreign sea transport firm, i.e. Company F to transport goods, issue invoices and collect fees , Company B (VN), through Company A , hires Company F to transport goods from VN to USA at a fee of USD100,000 hires to transport goods from VN to Company A Company B Singapore in for Company F to continue to transport goods from Singapore to USD, at a fee of USD20,000 . Taxable turnover of calculated as follows: Company USD100,000 - USD20,000 = USD80,000
Withholding method TAXABLE TURNOVER FOR CIT (9/12) Example Company A (VN) , agent of a foreign sea transport firm, i.e. Company F , to transport goods, issue invoices and collect fees Company B (VN), through Company A , hires Company F to transport goods from VN to USA at a fee of USD100,000 Company A hires Company B to transport goods from VN to Singapore in for Company F to continue to transport goods from Singapore to USD, at a fee of USD20,000 . Taxable turnover of Company calculated as follows: USD100,000 - USD20,000 = USD80,000
1012_VS-FCT%20Slides%20(Trainer).docx