Conditions for products processed from imported minerals to enjoy a 0% VAT rate
Uniform classification of agricultural machines | |
The State Audit: Public debts remain within the acceptable level | |
Can export processing enterprises liquidate assets in the form of scrap metal? |
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.
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.
Related News
Regulating goods across Huu Nghi International Border Gate during peak times
19:37 | 02/11/2024 Customs
Strictly control imports and trade of toxic chemicals
17:34 | 03/11/2024 Anti-Smuggling
Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers
08:54 | 30/10/2024 Regulations
Latest News
"One law amending four laws" on investment to decentralize and ease business challenges
16:44 | 01/11/2024 Regulations
One law amending seven financial laws: New driving force for economic growth
16:34 | 01/11/2024 Regulations
Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth
11:34 | 27/10/2024 Regulations
Revamping commodity management and trade protection
11:26 | 26/10/2024 Regulations
More News
Tax support policy is a "lift" for business bounceback
14:52 | 24/10/2024 Regulations
VAT policy for on-the-spot imports
13:44 | 23/10/2024 Regulations
Applying tax on animal feed ingredient faces problems due to specialized regulations
10:17 | 21/10/2024 Regulations
Ministry of Finance proposes to choose the option of reducing land rent by 30% in 2024
15:29 | 20/10/2024 Regulations
Ensuring reasonableness upon enforcement of regulations in "1 law amending 7 laws"
00:00 | 19/10/2024 Regulations
Ensuring global trade security requires cooperation, exchange and processing of information before the goods arrive
10:29 | 18/10/2024 Regulations
New regulations on foreign indirect investment in Vietnam drafted
13:46 | 15/10/2024 Regulations
Considering amending regulations on suspension from exit due to tax arrears
09:30 | 15/10/2024 Regulations
How to handle export processing enterprises forgetting to open a corresponding import declaration
09:17 | 14/10/2024 Regulations
Your care
"One law amending four laws" on investment to decentralize and ease business challenges
16:44 | 01/11/2024 Regulations
One law amending seven financial laws: New driving force for economic growth
16:34 | 01/11/2024 Regulations
Ensure harmony of interests of “3 parties” when applying 5% VAT on fertilizers
08:54 | 30/10/2024 Regulations
Tax, fee, and land rent exemption, reduction, and deferral policies: a driving force for business recovery and growth
11:34 | 27/10/2024 Regulations
Revamping commodity management and trade protection
11:26 | 26/10/2024 Regulations