According to Article 2 of the Decree, there are two more cases in which VAT is exempt:
- Projects for manufacture or trade of goods/services subject to VAT are transferred to other companies of cooperatives;
- Agriculture products, breeding products, and fishery products that have not been processed into other products or have undergone only raw treatment are sold to other companies or cooperatives (whether or not such products are bought externally).
Also in this Decree, VAT on provision of goods and services outside Vietnam must be stated and paid (it was previously exempt from tax in Decree
121/2011/NĐ-CP ).
Decree 209 takes effect on January 01, 2013.
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