OFFICIAL LETTER NO. 1365/TCT-KK DATED 13 APRIL 2015 OF GDT IN GUIDANCE OF VAT FOR ANIMAL FEED PRODUCTION ACTIVITIES
According to official letter No. 1365/TCT-KK:
In case, a company produces animal breeds, after that the animal feeds are output for breeding fish , the company will follow:
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From 01 Jan 2014 to 31 Aug 2014: when outputting the feeds to serve for the fish feeding activities, the company prepares invoices, declares, pays VAT for those with 5% VAT tax rate.
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From 01 Sep 2014 to 31 Dec 2014: the company does not have to calculate and pay VAT for those animal foods for internal production.
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Form 01 Jan 2015: The animal feeds are subject to non-liable VAT, the company is not allowed to deduct VAT, therefore, its VAT of input materials are not deducted.
In case, the company both has non-liable VAT and liable VAT but not separately accounted for, the input VAT allocation is applied to clause 2 article 14 Circular 219/2013/TT-BTC dated 31 Dec2013, clause 9 article 1 Circular 26/2015/TT-BTC dated 27 Feb 2015 of MOF.
