Title: Decree 100/2016/ND-CP dated July 1, 2016 detailing and guiding the implementation of a number of articles of the Law No. 106/2016/QH13 on amending and supplementing a number of articles of the Law on value-added tax...

Type: Decree

Issuing Agency: Government

Responsible Agency: Relevant Agencies

Issuing Date: 01-07-2016

 

There are four Decrees being amended by Decree No.100/2016/ND-CP, including:

1. Decree No. 209/2013/ND-CP dated December 18, 2013, detailing and guiding the implementation of Law on value-added tax;

2. Decree No. 108/2015/ND-CP dated October 28, 2015 providing guidelines for some articles of the Law on excise tax and the amended Law on excise tax;

3. Decree No. 83/2013/ND-CP dated July 22, 2013, on the implementation of a number of articles of the Law on tax administration and the amended Law on tax administration; and

4. Decree No. 129/2013/ND-CP dated October 16, 2013, on penalties for administrative violations pertaining to taxation and enforcement of administrative decisions on taxation.

This Decree amends some provisions relating to the tax refund policy so as to be appropriate to the new provisions of Law No. 106/2016/QH13. In particular, to remove the regulation of refund of tax on domestically traded goods; to add the requirements for tax refund with regard to projects of new investment; and to supplement two cases in which exported goods on which tax shall not be refunded (goods imported for export and goods exported outside customs areas).

Under this Decree, from July 1, 2016, late payment interest of tax arrears (including those which incurred before July 1, 2016 but have not been paid) shall be charged at 0.03%/day instead of 0.05%/day as in earlier provisions.

This Decree becomes effective since July 1, 2016, except for Clause 2 of Article 3 which shall take effect since September 1, 2016.

 

Download Vietnamese: Decree 100/2016/ND-CP dated July 1, 2016 detailing and guiding the implementation of a number of articles of the Law No. 106/2016/QH13 on amending and supplementing a number of articles of the Law on value-added tax...