- 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.
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