Circular No. 210-TC/VP of 1999 by the Ministry of Finance to correct Circular No. 106/1999/TT-BTC on value-added tax (VAT), amending content related to purchasing soil, rock directly from extractors without invoices. This document applies to construction production units and relevant authorities.
Key points
- Construction producers purchasing soil, rock, sand, gravel directly from extractors without invoices but with an inventory list or purchasing from traders with sales invoices → are entitled to deduct VAT at a rate of 3% (Amended Point)
- Relevant agencies and construction production units shall be subject to the provisions of this circular
- The Ministry of Finance apologizes for errors in cross-checking and printing Circular No. 106/1999/TT-BTC
- Circular No. 106/1999/TT-BTC guiding the implementation of Government Decree No. 78/1999/NĐ-CP on value-added tax is amended according to this circular
- Relevant units need to be aware and comply with the amended content in this circular
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Full text
LETTER
OF THE MINISTRY OF FINANCE NUMBER 210 TC/VP DATED SEPTEMBER 16, 1999
REGARDING CORRECTION OF CIRCULAR NO. 106/1999/TT-BTC DATED AUGUST 30, 1999
RESPECTED:
- Ministries, ministerial-level agencies, and central government agencies.
- People's Committees of provinces and centrally governed cities.
- Tax Departments of provinces and centrally governed cities.
On August 30, 1999, the Ministry of Finance issued Circular No. 106/1999/TT-BTC guiding the implementation of Decree No. 78/1999/NĐ-CP dated August 20, 1999 of the Government amending and supplementing Decrees Nos. 102/1998/NĐ-CP dated December 21, 1998 and 28/1998/NĐ-CP dated May 11, 1998 detailing the implementation of the Value Added Tax Law. Due to a mistake during proofreading and printing, there was an error. The Ministry of Finance hereby corrects as follows:
Point 3c, Section II of Circular No. 106/1999/TT-BTC mentioned above states: "A rate of 3% for land, stone, sand, gravel purchased directly from extractors without an invoice or deducted according to a list of goods purchased from entities with invoices."
It is hereby corrected as follows: "A rate of 3% for land, stone, sand, gravel purchased directly from extractors without an invoice but with a list or purchased from traders with invoices."
The Ministry of Finance respectfully informs relevant units and sincerely apologizes for the aforementioned error.
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