Goods lịch trực tiếp bóng đá hôm nay services that are not subject to VAT in Vietnam

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Goods lịch trực tiếp bóng đá hôm nay services that are not subject to VAT in Vietnam

According to Article 4 ofCircular 219/2013/TT-BTCas amended by Article 1 ofThông tư 26/2015/TT-BTCstipulating objects not subject to VAT include:

(1)Products from farming (including agro-forestry products), breeding, lịch trực tiếp bóng đá hôm nay aquaculture that are produced, caught, sold, or imported lịch trực tiếp bóng đá hôm nay are not processed into other products (hereinafter referred to as unprocessed) or have only been preprocessed.

(2)Breeds of livestock, plant varieties, including eggs, breeds, seeds, stems, tubers, semen, embryos, genetic materials that are raised, imported, lịch trực tiếp bóng đá hôm nay traded. The breeds of livestock lịch trực tiếp bóng đá hôm nay plant varieties that are not subject to VAT are the products of the importers lịch trực tiếp bóng đá hôm nay traders that have the certificates of registration of animal breed or plant variety trading issued by regulatory bodies. The animal breeds lịch trực tiếp bóng đá hôm nay plant varieties that apply quality standards of the state must satisfy the requirements imposed by the state.

(3)Irrigation services, plowing services, dredging channels, dredging in-field trenches serving agricultural production; harvesting services.

(4)Salt derived from seawater, rock salt, pure salt, refined salt, iodized salt composed primarily of sodium chloride (NaCl).

(5)State-owned houses sold to tenants.

(6)Transfer of right to use land (hereinafter referred to as land tenure).

(7)Life insurance, health insurance, learner’s insurance, other insurance services related to humans; insurance for livestock, plants lịch trực tiếp bóng đá hôm nay other agriculture insurance services; insurance for ships lịch trực tiếp bóng đá hôm nay instruments for fishing; reinsurance.

(8)The finance, banking, lịch trực tiếp bóng đá hôm nay securities services below:

- Credit extension includes:

+ Loan;

+ Discounted transfer of negotiable instruments lịch trực tiếp bóng đá hôm nay other valuable papers;

+ Bank guarantee;

+ Finance lease;

+ Issuance of credit cards.

Where a credit institution collects fees for issuance of credit cards, the fees collected from the clients that are part of the credit extension process (card issuance fee) according to the regulations on granting loan of the credit institution such as fee for early repayment, penalties for late repayment, fee for debt restructuring, fee for loan management, lịch trực tiếp bóng đá hôm nay other fees that are part of the credit extension process are not subject to VAT.

+ Domestic lịch trực tiếp bóng đá hôm nay international factoring for the banks allow to process international payments;

+ Revenue from liquidation of collateral by a credit institution or law enforcement authority or by the borrowers themselves with authority of the loaner to repay secured loans.

+ Information provision services provided by the units lịch trực tiếp bóng đá hôm nay organizations affiliated to the State bank for credit institutions to use for credit extension in accordance with the Law on the State bank.

+ Other forms of credit extension prescribed by law.

- Separate loans that are not a business lịch trực tiếp bóng đá hôm nay irregularly given by taxpayers that are not credit institutions.

- Securities services include: brokerage, proprietary trading, issuance guarantee, investment consultancy, depository, securities investment fund management, securities company management, securities investment portfolio management, market organization services of Stock Exchanges or Securities trading centers, services related to the securities registered lịch trực tiếp bóng đá hôm nay deposited at Vietnam Securities Depository, granting loans for margin trading, advance payment for securities lịch trực tiếp bóng đá hôm nay other types of securities trading prescribed by securities laws.

- Capital transfer includes the transfer of part of or the whole capital invested in another business organization (regardless of the creation of a new legal entity), securities transfer, transfer of the right to contribute capital, lịch trực tiếp bóng đá hôm nay other forms of capital transfer prescribed by law, including business acquisition in which the acquirer inherits all rights lịch trực tiếp bóng đá hôm nay obligations of the acquired company.

- Selling debts;

- Foreign currency trading;

- Derivative financial services include: forward contracts, futures contracts, call option, put option, other derivative financial services prescribed by law;

- Selling collateral put up by the organizations 100% charter capital of which is owned by the government to settle bad debts of Vietnamese credit institutions.

(9)Medical lịch trực tiếp bóng đá hôm nay veterinary services, including the examination, treatment lịch trực tiếp bóng đá hôm nay prevention of diseases for human lịch trực tiếp bóng đá hôm nay animals, birth control, convalescence lịch trực tiếp bóng đá hôm nay rehabilitation for patients, caring for the elderly lịch trực tiếp bóng đá hôm nay disabled, patient transportation, medical facilities’ sickbed lịch trực tiếp bóng đá hôm nay sickroom for rent; testing, radiography; blood lịch trực tiếp bóng đá hôm nay blood products for patients.

Caring for the elderly lịch trực tiếp bóng đá hôm nay disabled includes health care, nutrition care, cultural activities, sports, entertainment, physical therapy lịch trực tiếp bóng đá hôm nay rehabilitation for the elderly lịch trực tiếp bóng đá hôm nay disabled.

In case the medical service package (as prescribed by the Ministry of Health) includes the use of curative drugs, the revenue from the drug money included in the treatment service package is also not subject to VAT.

(10)Public postal lịch trực tiếp bóng đá hôm nay telecommunications services, lịch trực tiếp bóng đá hôm nay public Internet services provided by the government, postal lịch trực tiếp bóng đá hôm nay telecommunications services from abroad (inbound).

(11)Maintenance of zoos, flower gardens, parks, street greeneries, public lighting, funeral services. The services mentioned in this Clause do not depend on the source of payment. In particular:

- Maintenance of zoos, flower gardens, parks, street greeneries, lịch trực tiếp bóng đá hôm nay state-owned forests include management, tree planting lịch trực tiếp bóng đá hôm nay cultivation, protection of animals in the parks, zoos, public areas, national forests lịch trực tiếp bóng đá hôm nay national parks;

- Public lighting includes lighting on the streets, in alleys, neighborhoods, flower gardens, lịch trực tiếp bóng đá hôm nay parks. Revenue from public lighting is not taxable;

- Funeral services provided by the business establishments licensed to provide funeral services include funeral parlor lịch trực tiếp bóng đá hôm nay car rental service, burial service, cremation service, grave move service, lịch trực tiếp bóng đá hôm nay grave care service.

(12)Maintenance, repairs, lịch trực tiếp bóng đá hôm nay construction funded by the people (including contributions lịch trực tiếp bóng đá hôm nay sponsorships), humanitarian aid for cultural lịch trực tiếp bóng đá hôm nay artistic works, public works, infrastructure, lịch trực tiếp bóng đá hôm nay housing for beneficiaries of incentive policies.

When a source of funding other than people’s contribution or humanitarian aid is used that does not exceed 50% of the total investment in the work, the value of the whole work is not subject to tax.

When a source of funding other than people’s contribution or humanitarian aid is used that exceeds 50% of the total investment in the work, the value of the whole work is subject to VAT.

 

(13)Education lịch trực tiếp bóng đá hôm nay vocational training as prescribed by law, including foreign language training, artistic training, sports training, nursing, children’s nursing, lịch trực tiếp bóng đá hôm nay training of other professions in order to raise extend education, improve professional knowledge lịch trực tiếp bóng đá hôm nay skills.

The revenues from meal, student transport collected by educational institutions from preschool to high school are not subject to tax.

(14)Audio lịch trực tiếp bóng đá hôm nay video broadcasting funded by government budget.

(15)Publishing, importing newspapers, magazines, specialist newsletters, political books, textbooks, teaching materials, law books, scientific books, books using languages of ethnic minorities, propagation pictures, including those in the form of audio lịch trực tiếp bóng đá hôm nay video discs/tapes, electronic data; money lịch trực tiếp bóng đá hôm nay money printing.

(16)Public passenger transport includes the transportation of passengers by bus lịch trực tiếp bóng đá hôm nay tram (lịch trực tiếp bóng đá hôm nay electric train) inside a province, on urban routes or adjacent outer routes of provinces as per the legal regulations on transportation.

(17)Goods that cannot be manufactured in Vietnam lịch trực tiếp bóng đá hôm nay must be imported, including:

- Imported machinery, equipment, parts, lịch trực tiếp bóng đá hôm nay supplies serving scientific research lịch trực tiếp bóng đá hôm nay technological development;

- Imported machinery, equipment, parts, specialized vehicles lịch trực tiếp bóng đá hôm nay supplies serving petroleum exploration lịch trực tiếp bóng đá hôm nay extraction;

- Airplanes (including engines), oil rigs, lịch trực tiếp bóng đá hôm nay ships that cannot be manufactured in Vietnam lịch trực tiếp bóng đá hôm nay are imported as fixed assets or leased from a foreign party to serve manufacturing, trading, or to sublease.

(18)Weapons lịch trực tiếp bóng đá hôm nay specialized vehicles serving national defense lịch trực tiếp bóng đá hôm nay security.

- The weapons lịch trực tiếp bóng đá hôm nay specialized vehicles serving national defense lịch trực tiếp bóng đá hôm nay security enumerated in the list compiled by the Ministry of Finance in cooperation with the Ministry of National Defense lịch trực tiếp bóng đá hôm nay the Ministry of Public Security.

The weapons lịch trực tiếp bóng đá hôm nay specialized vehicles serving national defense lịch trực tiếp bóng đá hôm nay security that are not subject to VAT must be finished products, or parts, packages used for assembling finished products. If the weapons lịch trực tiếp bóng đá hôm nay specialized vehicles must be repaired, the repair services provided by the companies affiliated to the Ministry of National Defense lịch trực tiếp bóng đá hôm nay the Ministry of Public Security are not subject to VAT.

- Imported weapons, lịch trực tiếp bóng đá hôm nay specialized vehicles (including supplies, machinery, equipment, parts) serving national defense lịch trực tiếp bóng đá hôm nay security that are exempt from import tax according to the Law on Export lịch trực tiếp bóng đá hôm nay import tax, or imported within annual quota imposed by the Prime Minister.

(19)Imported goods, goods/services sold to other organizations lịch trực tiếp bóng đá hôm nay individuals as humanitarian aid or non-refundable aid in the following cases:

- Goods imported as humanitarian aid or non-refundable aid must be certified by the Ministry of Finance or Services of Finance;

- Gifts for regulatory bodies, political organizations, socio-political organizations, socio-political-professional organizations, social organizations, socio-professional organizations, lịch trực tiếp bóng đá hôm nay the army prescribed by the laws on gifts;

- Gifts for individuals in Vietnam prescribed by the laws on gifts;

- Belongings of foreign entities provided with diplomatic immunity prescribed by the laws on diplomatic immunity; belongings brought to Vietnam by Vietnamese people residing abroad;

- Belongings in luggage within tax-free allowance;

- Goods lịch trực tiếp bóng đá hôm nay the goods/services sold to other organizations lịch trực tiếp bóng đá hôm nay individuals as humanitarian aid or non-refundable aid for Vietnam.

(20)The goods forwarded through Vietnam’s territory; goods temporarily imported or temporarily exported, raw materials imported for manufacturing or export processing under contracts with foreign partners

The goods lịch trực tiếp bóng đá hôm nay services traded between a foreign party lịch trực tiếp bóng đá hôm nay a free trade zone, or among free trade zones.

(21)Technology transfers according to the Law on Technology transfers; intellectual property right transfers according to the Law on Intellectual property. If a contract of technology transfer or intellectual property right transfer is associated with a transfer of machinery/equipment, only the value of transferred technology or intellectual property right is not subject to VAT. If such value cannot be separated, VAT shall be imposed on the total value of the transferred technology or intellectual property right lịch trực tiếp bóng đá hôm nay machinery/equipment.

(22)Imported gold in the form of bullions, pieces, lịch trực tiếp bóng đá hôm nay other forms that are not fashioned into jewelry or other items.

(23)Natural resources lịch trực tiếp bóng đá hôm nay minerals exported without or after further processing into products whose prime cost is comprised of, by at least 51%, the total value of such natural resources lịch trực tiếp bóng đá hôm nay minerals plus the energy cost; exports derived from natural resources lịch trực tiếp bóng đá hôm nay minerals whose value lịch trực tiếp bóng đá hôm nay the energy cost make up at least 51% of the prime cost of such exports.

- Natural resources lịch trực tiếp bóng đá hôm nay minerals derived from domestic sources: Metallic minerals lịch trực tiếp bóng đá hôm nay non-metallic minerals; crude oil; natural gas; coal gas.

- A enterprise producing by direct mining or purchase processing, natural resources lịch trực tiếp bóng đá hôm nay minerals whose total value plus the energy cost occupies at least 51% of the prime cost of products derived from natural resources lịch trực tiếp bóng đá hôm nay minerals, shall not incur VAT upon the exportation of the products.

If such enterprise does not export but sells the products to another enterprise that then exports such products, the enterprise purchasing then exporting the products shall declare VAT as levied on similar products exported directly by the manufacturing enterprise lịch trực tiếp bóng đá hôm nay shall pay the export tax as per regulations.

(24)Prosthetic body parts, including those permanently implanted into the human body; crutches, wheelchairs, lịch trực tiếp bóng đá hôm nay other special instruments serving the disabled.

(25)Goods/services provided by any business household or businessperson that earns an annual revenue of ≤ 100 million VND.

(26)The goods lịch trực tiếp bóng đá hôm nay services below:

- Duty-free goods at duty-free shops prescribed by the Prime Minister.

- Goods in national reserve sold by national reserve authorities.

- Charged activities of the state according to the laws on fees lịch trực tiếp bóng đá hôm nay charged.

- Bomb lịch trực tiếp bóng đá hôm nay mine clearance carried out by the army at the constructions funded by government budget.

Key word: VAT | in Vietnam | goods | services |

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