This circular specifies the determination of Calcium sulphate as a basic chemical and applies a VAT rate of 5%. This document is significant in adjusting tax policies for certain specific products.
Scope of application
State management agencies, enterprises, and organizations related to Calcium sulphate products
Key points
- Calcium sulphate is determined to be a basic chemical under Article 7 of Decree No. 79/2000/NĐ-CP.
- The VAT rate applicable to Calcium sulphate products is 5%.
- Enterprises producing and trading in Calcium sulphate benefit from the preferential tax rate, reducing financial costs.
- Taxpayers must comply with the new tax regulations to avoid legal violations.
🌐 Social impact of this document
- Enterprises producing and trading in Calcium sulphate benefit from the preferential tax rate, reducing financial costs.
- Taxpayers must comply with the new tax regulations to avoid legal violations.
❓ Frequently asked questions
To which category does the product Calcium sulphate belong?
Calcium sulphate is determined as a basic chemical.
What is the VAT rate applicable to Calcium sulphate products?
The VAT rate applicable to Calcium sulphate products is 5%.
Full text
LETTER
OF THE MINISTRY OF FINANCE NUMBER 9367 TC/TCT DATED OCTOBER 2, 2001
REGARDING THE VALUE-ADDED TAX RATE FOR CERTAIN PRODUCTS
CALCIUM SULPHATE
We hereby transmit to:
- Ministries, ministerial-level agencies, and government agencies;
- People's Committees of provinces and centrally governed cities.
Pursuant to point 2, Article 7, Chapter II of the Decree No. 79/2000/NĐ-CP dated December 29, 2000 providing detailed regulations for implementation of the Law on Value Added Tax (VAT); and in consideration of the opinions expressed by the Ministry of Science, Technology and Environment in Letter No. 2474/BKHCNMT-CN dated August 31, 2001 and those of the Ministry of Industry in Letter No. 3724/CV-CNCL dated June 7, 2001 regarding the determination of basic chemical products, it is hereby determined that:4The product Calcium sulphate with the chemical formula CaSO2.2H
O falls under the category of basic chemical products and shall be subject to a VAT rate of 5%.
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