Headlines 10/03/2022 08:22 SA

Instructions on how to determine imports ineligible for 2% VAT deduction are now available

Nguyễn My

On February 25, 2022, the General Department of Customs issues the Official Dispatch No. 642/TCHQ-TXNK on declaration of VAT rates, nomenclature and application of HS codes of imports ineligible for tax reduction under the Decree No. 15/2022/ND-CP

According to this document, instructions on determination of imports ineligible for VAT deduction are applied to the followings:

- Goods with product names specified at column 8 “Product name” and product descriptions given at column 9 “Description” (if there is no description at column 9, the product name specified in column 8 is used) of Appendix I and Part A of Appendix III;

- Or goods shown at column 3 “Goods” of Part B of Appendix III;

- Or imports subject to special consumption duty that are specified in Appendix II to the Decree No. 15/2022/ND-CP.  

If imports specified in Appendix I, II and III to the Decree No. 15/2022/ND-CP are not subject to VAT or subject to 5% VAT as stipulated in the Law on VAT, regulations laid down in the Law on VAT will prevail.

For more details, please read the Official Dispatch No. 642/TCHQ-TXNK issued on February 25, 2022.

If imports specified in Appendix I, II and III to the Decree No. 15/2022/ND-CP are not subject to VAT or subject to 5% VAT as stipulated in the Law on VAT, regulations laid down in the Law on VAT will prevail.

For more details, please read the Official Dispatch No. 642/TCHQ-TXNK issued on February 25, 2022.

>> CLICK HERE TO READ THE ARTICLE IN VIETNAMESE

448

More headlines

Address: 17 Nguyen Gia Thieu street, Ward Vo Thi Sau, 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