Headlines 27/09/2017 14:07 CH

VAT computation method will be determined from November 5, 2017

Thanh Phú

The Ministry of Finance has recently issued the Circular No. 93/2017/TT-BTC amending the Circular No. 219/2013/TT-BTC and 156/2013/TT-BTC

Pursuant to this Circular, the Form No. 06/GTGT will be left out when business taxpayers:

- change their VAT computation methods;

- register the tax credit method to be applied to those who are newly established and those whose taxable sales are less than one billion Vietnamese dong.

This means that from the entry into force of the Circular No. 93/2017/TT-BTC (November 5, 2017), the VAT computation method shall be determined in reliance upon VAT tax returns submitted by business taxpayers (as specified in the Official Dispatch No. 4253/TCT-CS ):

- If any business taxpayer wishes to register the tax credit method, the Declaration Form No. 01/GTGT and 02/GTGT must be filed to the tax authority.

- If any business taxpayer wishes to register the direct subtraction method, the Declaration Form No. 03/GTGT and 04/GTGT must be filed to the tax authority.

The Declaration Forms No. 01/GTGT, 02/GTGT, 03/GTGT and 04/GTGT annexed to the Circular No. 156/2013/TT-BTC have been amended or supplemented in the Circular No. 119/2014/TT-BTC and the Circular No. 26/2015/TT-BTC dated February 27, 2015.


More headlines

Most Viewed

Address: 17 Nguyen Gia Thieu street, Ward 6, District 3, Ho Chi Minh City, Vietnam.
Phone: (+84)28 3930 3279 (06 lines)
Email: info@ThuVienPhapLuat.vn

Copyright© 2019 by THƯ VIỆN PHÁP LUẬT
Editorial Director: Mr. Bui Tuong Vu

DMCA.com Protection Status