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Conditions for products processed from imported minerals to enjoy a 0% VAT rate

08:23 | 11/09/2016 Regulations Follow english.haiquanonline.com.vn on
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conditions for products processed from imported minerals to enjoy a 0 vat rate
Some products processed from imported minerals shall enjoy a 0% VAT rate.

According to Hanoi Department of Taxation, when exporting products processed from imported minerals, enterprises shall enjoy a 0% VAT rate if they meet the following conditions: For exported goods, they must present sales contract or processed goods contract or authorized contract; payment records through banks and other documents prescribed by the law; and Customs declarations under current regulations.

During VAT declaration period (monthly or quarterly), if enterprises have exported goods and services processed from imported minerals with a deductible input VAT of 300 million vnd or more, they shall enjoy a VAT refund monthly or quarterly. In the case of a deductible input VAT of less than 300 million vnd, they shall enjoy a VAT refund in the next month or the next quarter.

conditions for products processed from imported minerals to enjoy a 0 vat rate Ha Noi prevents purchasing and selling of invalid invoices

VCN- Tax fraud via purchasing and selling invalid invoices is taking place with more and more complicated ...

In the case where goods and services are both for export and domestic consumption, after balancing the amount of payable tax, if a deductible input VAT of 300 million vnd or more, enterprises shall enjoy a VAT refund according to the provisions in Government Decree No. 100/2016 / ND-CP on July 1, 2016.

By Thuy Linh/ Hoang Anh
Tags:
Vietnam tax rate customs VAT import mineral Hanoi Department of Taxation export payment

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