Circular No. 4543-TC/TCT of the Ministry of Finance dated May 18, 2001 stipulates the reduction of VAT for businesses trading in unprocessed agricultural, forestry, and aquatic products to address financial difficulties arising from new deduction rates.
适用范围
Businesses subject to VAT under the deduction method that purchase unprocessed agricultural, forestry, and aquatic products from sellers without invoices
要点
- Businesses eligible for reduced VAT must pay the difference corresponding to the change in deduction rate as per Decree No. 79/2000/NĐ-CP compared to previous rates for January 2001.
- The amount of tax reduction is provisional and will be officially determined upon annual settlement.
- Businesses must declare specifically the VAT deducted according to old regulations, the increased VAT payable in January 2001 due to changes in deduction rates, and the requested tax reduction to the local Tax Bureau.
- The Tax Bureau shall guide businesses on declaring and determining the amount of tax reduction and adjusting the notification of tax payment for eligible businesses.
- The amount of tax reduction is determined based on the business's request and the decision of the local Tax Bureau.
🌐 本文件的社会影响
- To assist businesses trading in unprocessed agricultural, forestry, and aquatic products to address financial difficulties arising from new deduction rates.
- Increase the burden on tax authorities in determining and adjusting the tax reduction for each business.
❓ 常见问题
How much VAT will be reduced?
The amount of tax reduction corresponds to the difference between old and new deduction rates, specifically determined based on the declaration by the business.
What must businesses do to request a tax reduction?
Declare the VAT deducted according to old regulations, the increased VAT payable in January 2001 due to changes in deduction rates, and the requested tax reduction to the local Tax Bureau.
Is the amount of tax reduction determined immediately?
No, the amount of tax reduction is provisional and will be officially determined upon annual settlement.
全文
LETTER
OF THE MINISTRY OF FINANCE NUMBER 4543 TC/TCT DATED MAY 18, 2001
REGARDING REDUCTION OF VAT
Dear: - Ministries, ministerial-level agencies, and central government agencies
- People's Committees of provinces and centrally governed cities
Recently, the Ministry of Finance received many opinions from businesses requesting solutions to difficulties faced by enterprises trading in agricultural products, forestry products, and aquatic products due to changes in the rate for deducting input VAT on these items; Based on the provisions of Article 28 of the Law on Value-Added Tax (VAT), Clause 20 of Decree No. 79/2000/NĐ-CP dated December 29, 2000 of the Government detailing the implementation of the VAT Law and the opinions of the Prime Minister in Circulars No. 1231/VPCP-TTBC dated March 28, 2001 and No. 1318/VPCP-KTTH dated April 3, 2001 of the Government Office regarding the resolution of businesses' concerns trading agricultural products in Gia Lai Province, the Ministry of Finance guides as follows:
1. For business entities subject to VAT under the deduction method that purchase unprocessed agricultural products, forestry products, and aquatic products from sellers without invoices, if applying the deduction rate prescribed by Decree No. 79/2000/NĐ-CP of the Government results in a loss, they shall be eligible for a reduction in the VAT payable for January 2001 corresponding to the difference between the amount deducted at the percentage rates specified in Decree No. 78/1999/NĐ-CP dated August 20, 1999 and those specified in Decree No. 79/1999/NĐ-CP dated December 29, 1999 of the Government detailing the implementation of the VAT Law. The reduction mentioned above is considered provisional; when final settlement for the year is made, the official reduction amount will be determined according to law.
To have a basis for determining specific tax reductions for each business entity, these entities must declare and specify in detail the deductible tax amounts at the rates prescribed by Decree No. 78/1999/NĐ-CP and Decree No. 79/2000/NĐ-CP of the Government, the increase in VAT payable for January 2001 due to changes in deduction rates, and their tax reduction requests, which should be submitted to the local Tax Department as a basis for determining the tax reduction amount.
2. The Tax Departments are responsible for guiding business entities within the aforementioned scope to declare and determine specific tax reduction amounts. Based on the businesses' requests, the Tax Departments shall examine and determine the tax reduction amount for each unit and adjust the notification of tax payment for those eligible for a reduction.
The Ministry of Finance requests ministries, sectors, People's Committees of provinces and centrally governed cities to instruct units to implement VAT reductions in accordance with the above guidance.
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