LAW 106/2016/QH13 DATED 06 APRIL 2016 OF NATIONAL ESSEMBLY AMENDING, REVISING SOME ARTICLES OF LAW ON VAT, SPECIAL CONSUMPTION TAX AND TAX ADMINISTRATION LAW
On 06 Apr 2016, National assembly issued Law 106/2016/QH13 amending, revising some articles of Law on VAT, special consumption tax, tax administration law. Some notes are revised, added as follows:
- Remove the case that business establishments accumulative at least 12 months from the first month or at least after 4 quarters from the first quarter incurred the un-deductible VAT amount.
- The late payment is determined with 0,03%/day on the late payment tax.
- Remove clause 3, article 42, Tax Administration Law about tax payment deadline for import, export goods (effective from 01 Sep 2016).
This Law takes effects from 01 Jul 2016.
