Guidelines for Determining VAT-Exempt Entities and Procedures in Vietnam’s Draft Circular

• The Ministry of Finance is seeking feedback on a draft circular detailing certain provisions of the Value Added Tax Law.
• The draft proposes regulations on documents and procedures to identify entities not subject to VAT.
• It includes procedures for applying a 0% VAT rate and specifies goods and services subject to VAT calculation.
• Taxpayers must self-identify non-VAT entities based on specified goods and services.
• Additional documentation may be required by state management agencies.
• Specific requirements are outlined for livestock products, imported publications, and goods for humanitarian aid.
• Procedures for applying a 0% VAT rate are also detailed in the draft.

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.

---

---