Uni 04-08-2016 - Revise, add some articles of Law on VAT, special consumption tax, tax administration

On 01 July 2016, Government issued together with Decree 100/2016/NĐ-CP stipulating and guiding implementation of articles of Law of revision, addition to VAT, special consumption tax, tax administration. Some contents are revised, added as follows:

-          Some entities which are not imposed VAT will be added:

+        Caring services for the elderly, disabled

+        Export products are goods processed from mineral resources with total value of  mineral resources plus salary costs accounting for from 51% energy costs. These export products are not applied to 0% tax rate.

-          Add tobacco, alcohol, beer imported and then exported will not be applied to 0% tax rate.

-          Tax payers paying late tax amounts must pay enough tax amounts with late penalty payment of 0,03%/day to the late tax payment amounts. For the outstanding tax amounts before 01 July 2016 that they do not yet pay to State budget will be applied to 0.03%/ day from 01 July 2016.

-          Reject tax payment duration of 275 days for imported materials for production of the exported goods.

-          Exempted for households, individuals have tax amounts of using non-agricultural land payable annually from and less 50.000

   This Decree is effective from 01 July 2016, except for rejecting tax payment of 275 days for imported materials for production of the exported goods is effective from 01 September 2016.