- Animal feed products, including dried cassava residue and dried cassava slices, are not subject to value-added tax (VAT) at all stages if identified as animal feed.
- There has been confusion among businesses due to inconsistent VAT guidance and application by different tax authorities for these products.
- The Ministry of Finance clarifies that animal feed, as defined by law, is not subject to VAT.
- Products from crops, forests, livestock, and aquaculture that are unprocessed or only simply processed and used as animal feed are also not subject to VAT.
- If classification is unclear, the Ministry of Agriculture and Environment will determine the product’s status based on production processes provided by taxpayers.
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.
Latest Posts in "Vietnam"
- VAT Deductibility for Gifts and Scrap Sales in Vietnam: Rules for Mixed and Tax-Exempt Activities
- Can Input VAT Be Deducted for Goods Given as Gifts or Bonuses?
- Is Late Payment Still Eligible for Input VAT Deduction? Maximum Allowable Delay Period?
- No VAT or Invoice Required for Collections and Payments on Behalf of State Agencies
- Important Notes on VAT Deduction and Invoicing for Deferred Payments and Gifts
