Title: Law 106/2016/QH13 dated April 06th, 2016, amendments to some Articles of the Law on Value-added tax, the Law on special excise duty, and the Law on Tax administration

Type: Law

Issuing Agency: National Assembly

Responsible Agency: Relevant Agencies

Issuing Date: 06-04-2016

Amendments to some Articles of the Law on Value-added tax No. 13/2008/QH12, which is amended under the Law No. 31/2013/QH13:

1. Clauses 1, 9 and 23 of Article 5 are amended as follows:

"1. Farming, breeding, aquaculture produces that have not been processed into other products or have only been preliminary processed by the manufacturers or catchers when they are sold and imported.

Enterprises and cooperatives buying farming, breeding, aquaculture produces that have not been processed into other products or have only been preliminary processed and selling them to other enterprises or cooperatives are not required to declare and pay VAT but may deduct input VAT."

"9. Health services, veterinary medicine services including medical examination and treatment services for human and animals; care services for elderly people and disabled people."

"23. Exports that are raw natural resources or minerals which have not been processed into other products; exports that are goods processed from natural resources or minerals where the total value of natural resources or minerals plus energy costs makes up at least 51% of the product price."

2. Point g Clause 1 of Article 8 is amended as follows:

"g) The exports specified in Clause 23 Article 5 of this Law.

Exported goods/services that are consumed outside Vietnam, within free trade zones; goods/services provided for foreign customers as prescribed by the Government."

Please see a reference translation at   http://asemconnectvietnam.gov.vn/Law.aspx?ZID1=10&ID1=2&MaVB_id=2451

 

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