Exempt GUI Issuance for Giving Free Merchandise
When a company gives free merchandise without getting paid, the transaction should be treated as sales of goods and issue GUI (Value-added and Non-value-added Business Tax Act). However, in order to simplify the process, some transactions could exempt from issuance GUI:
Receiver | Description | GUI Issuance |
Consumer/Buyer |
| Exempt |
Government |
(When purchasing goods, it was decided to give them free to government) | Exempt |
Employee | When purchasing goods, it was decided to give them as gifts to employees, and the purchase tax was not declared to offset sales tax. | Exempt |
