Circular guiding the determination of the amount of value-added tax (VAT) to be paid for comparison with the previous turnover tax rate as the basis for examining VAT reduction in 1999 for enterprises directly importing goods and materials.
적용 범위
Provincial Tax Departments
핵심 사항
- Enterprises suffering losses due to the VAT payable being higher than the previous turnover tax rate shall be eligible for VAT reduction during the first three years of implementing the Law on Value-Added Tax (from 1999 to 2001).
- The amount of VAT exempted or reduced each year corresponds to the loss caused by the aforementioned reason but shall not exceed the amount of VAT payable arising in the year for which the reduction is sought.
- Formula for determining VAT payable: Output VAT + Import VAT paid - Input VAT deductible.
- The examination of VAT reduction shall be delegated by the Ministry of Finance to local Tax Bureaus to implement.
- Local Tax Bureaus must report specifically on the amount of VAT reduced in 1999 to the Ministry of Finance (General Department of Taxation).
🌐 이 문서의 사회적 영향
- To provide enterprises suffering losses due to the VAT payable being higher than the previous tax rate with the opportunity to be considered for VAT reduction.
- Local Tax Bureaus must carry out the examination and report specifically on the amount of VAT reduced in 1999.
❓ 자주 묻는 질문
Can enterprises suffering losses due to the VAT payable being higher than the previous tax rate be considered for VAT reduction?
Yes, but not exceeding the amount of VAT payable arising in the year for which the reduction is sought.
How is the determination of the amount of VAT payable for comparison with the previous turnover tax rate carried out?
Determination formula: Output VAT + Import VAT paid - Input VAT deductible.
Who is responsible for examining and reporting on the amount of VAT reduced in 1999?
Local Tax Bureaus are responsible for conducting the examination and must report specifically to the Ministry of Finance (General Department of Taxation).
전문
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GENERAL DEPARTMENT OF TAXATION |
SOCIALIST REPUBLIC OF VIETNAM |
|
Number: 2700/TC/TCT |
Hanoi, March 24, 2003 |
LETTER
OF THE MINISTRY OF FINANCE NUMBER 2700TC/TCT DATED MARCH 25, 2003
ON CONSIDERING REDUCING VALUE ADDED TAX FOR THE YEAR 1999
Respectfully submitted to: Provincial Tax Departments under the Ministry of Finance
Pursuant to Article 28 of the Law on Value Added Tax, Clause 20 of Decree No. 28/1998/ND-CP, Decree No. 102/1998/ND-CP of the Government, Section II Part H of Circular No. 89/1998/TT-BTC dated June 27, 1998, and Section VI of Circular No. 175/1998/TT-BTC dated December 24, 1998 of the Ministry of Finance, production and business establishments suffering losses due to the amount of value added tax payable being greater than the tax calculated at the previous turnover tax rate shall be considered for reduction of value added tax during the first three years of implementation of the Law on Value Added Tax (from 1999 to the end of 2001). The amount of value added tax eligible for reduction each year corresponds to the loss caused by this reason but shall not exceed the amount of value added tax payable arising in the year for which the reduction is sought.
The Ministry of Finance has delegated and assigned the local tax bureaus to handle the consideration of reducing value added tax. However, there still exist files from some enterprises requesting a reduction in value added tax for the year 1999 in cases where enterprises directly import goods and materials with value added tax already paid at the import stage. To resolve this issue definitively, the Ministry of Finance guides the determination of the amount of value added tax payable for comparison with the previous turnover tax rate as the basis for considering the reduction of value added tax for these cases in 1999 as follows:
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Value Added Tax Payable |
= |
Output Value Added Tax (based on invoices) |
+ |
Value Added Tax Paid at Import Stage (based on tax payment certificates at the import stage) |
- |
Input Value Added Tax Deductible (including value added tax based on invoices, inventory lists of purchased goods, and tax payment certificates at the import stage) |
The Ministry of Finance informs the local tax bureaus to implement this and report specifically on the amount of value added tax reduced in 1999 to the Ministry of Finance (General Department of Taxation).
Truong Chi Trung
(Signed)
관계도
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