Proposed New Regulations on VAT Calculation Rates

• The Ministry of Finance proposes new regulations on VAT calculation.
• The proposed draft includes changes in the calculation of VAT for imported goods.
• It also suggests adding provisions for determining land prices for real estate business activities.
• Specific provisions for determining VAT for promotional goods and services are proposed.
• The draft also includes provisions for determining VAT for specific activities such as electricity production, transportation, tourism, pawn services, and book sales.
• A new article is proposed to determine the timing of VAT calculation for goods and services.
• The Ministry of Finance will provide specific regulations for special cases such as telecommunications services, electricity and water supply, real estate business, construction, and installation.

Source: baochinhphu.vn

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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