We had asked this information for some SBU before, but please double confirm your currently status for VAT payment procedure for installment sales to us for our reference again, Thanks,
Please let us know your payment type (a)or (b)
(a) You need to pay the VAT for the installment sales when the invoices has been issued.(VAT will pay in advance)
(a-1) You need to pay the VAT for the sales only or not ,if yes, do you need to pay the VAT for interest income when you received the monthly installment sales payment?
How about the VAT rate for interest income?
(a-2) You need to pay the VAT for both sales and interest income in advance, How about the VAT rate for interest income?
(b) You do not need to pay the VAT for installment sales in advance, VAT will pay when you received the monthly installment sales payment, Do you only pay the VAT for sales or you need to pay the VAT for both VAT and interest income? How about the VAT rate for interest income if you need to pay?
Thanks for your kindly assistance