Official letter 4151/TCT-CS dated 13 Sep 2017 guiding VAT rate for imported genetically modified soybeans:
Soybeans are the cultivated products unprocessed into other products or only preprocessed of self-produced organizations, individuals sold out and at import stage are VAT non-liable entities.
Enterprises, cooperatives pay VAT under deduction method, sold to enterprises, cooperatives at commercial business stage must not declare, calculate, pay VAT.
In case, enterprises, soybeans pay VAT under deduction method selling these products to other entities such as household, business individuals and other organizations, individuals must declare, calculate, pay 5% VAT.
