OFFICIAL LETTER 2762/TCT-KK DATED 21 JUNE 2016 OF GDT GUIDING VAT DEDUCTION OF FIXED ASSETS FOR AGRICULTURALPRODUCTION, ANIMAL FEED, PET FEED
According to official letter 2762/TCT-KK:
Input VAT amounts of fixed assets for agricultural production, animal feed, pet feed consumed in domestic will not be allowed to declare, deduct, they will be recognized in CIT expense when CIT taxable income is determined, except for VAT of the purchased fixed assets in VAT invoices, VAT payment vouchers at import stage before 01 Jan 2015.
In case, the company incurred VAT amounts at import stage for machineries processing fish powder before 31 Jul 2013 but until 13 Mar 2015 the company actually paid to State budget, input VAT amounts in payment vouchers at import stage are not declared, deducted, they must be recognized in CIT expense when CIT taxable income is determined.
