Calculating VAT for imported medical equipment

10:02 | 01/05/2017 Regulations Follow english.haiquanonline.com.vn on

VCN – Regarding the request from Tri Viet Service Company Limited on guiding the regulations on VAT for medical equipment, the General Department of Customs guided in detail as below:

	Many fraud tricks of Value Added Tax
	Calculation of SET for trading electronic games with prizes
	Enterprises must meet the requirements for Value Added Tax refund on exported goods

calculating vat for imported medical equipment

Operational activities at the Pho Bang Customs Branch under Ha Giang Customs Department. Photo: T.Trang

According to the General Department of Customs, some items without written certification of the Ministry of Finance, but with HS codes at the List of VAT issued together with Circular No. 83/2014/TT-BTC dated June 26, 2014 of the Ministry of Finance will be calculated VAT in different ways up to each case.

As described in Clause 1, Article 4 of Circular No. 83/2014/TT-BTC: products are not subject to tax or subject to VAT rate of 5 % or 10% in accordance with the VAT Law and Normative Legal Documents guiding the implementation of VAT Law will abide by the provisions in those documents. Particularly, cultivation, husbandry, aquatic and marine products; medical equipment or instruments must comply with clauses 3, 4, 5 of Article 4 of the Circular No. 83/2014/TT-BTC of the Ministry of Finance.

Besides, in clause 5, Article 4 of Circular No. 83/2014/TT-BTC stipulates: Medical equipment and instruments, including special-use medical machinery and instruments such as scanners, screeners and radiography machines for medical examination and treatment; devices and instruments used exclusively in surgery and wound treatment; ambulances; blood pressure and cardiovascular meters, blood transfusion tools; syringes and needles; contraceptive devices and other special-use medical equipment, must comply with the VAT List promulgated together with Circular No. 83/2014/TT-BTC of the Ministry of Finance.

It is acknowledged that, in the recent times, the Ministry of Finance and the General Department of Customs issued some Documents guiding the VAT for imported medical machinery to implement in accordance with the guidance in clause 8, Article 1 of Circular No. 26/2015/TT-BTC of the Ministry of Finance.

Some Documents are: Document No. 8159/BTC-TCT dated June 18, 2015 of the Ministry of Finance, Document No. 17278/BTC-TCT dated November 20, 2015 of the Ministry of Finance; Document No. 743/BTC-TCHQ dated January 17, 2017 of the Ministry of Finance; Document No. 2446/TCHQ-TXNK dated April 12 2017 of the General Department of Customs. In which, clause 1 of Document No. 743/BTC-TCHQ of the Ministry of Finance clarified this issue.

Many goods of Cambodian origin will enjoy import tax at 0%

VCN - The Government has issued the Decree No. 24/2017 / ND-CP stipulating the special preferential import ...

The General Department of Customs requested the Tri Viet Service Company Limited study provisions mentioned above for implementation. If any other obstacles, the Company should contact with Customs Authority where Customs declaration registered for further instructions.

By Thu Trang/ Huyen Trang

Tags:

Related News

Import tax exemption to benefit domestic ITC industry

14:35 | 31/03/2023 Import-Export

The information and communication technology sector has grown by 6-9% each year and has often exceeded the country’s GDP growth rate in recent years, attendees were told at workshop held by the Ministry of Information and Communications (MIC).

MoF proposes to expand tax base

10:24 | 17/03/2023 Finance

VCN – In the revised law project on VAT, the Ministry of Finance (MoF) proposes to narrow down entities that are not subject to VAT and those subject to 5%VAT to remove difficulties for domestic enterprises. In addition, MoF also suggests adding some entities that will be subject to VAT.

Removing difficulties in the implementation of VAT policy

15:10 | 27/02/2023 Regulations

VCN - For businesses to understand and strictly comply with the regulations on the declaration of value-added tax (VAT) rate for import and export goods, the General Department of Customs has continuously issued guiding documents, which is considered an important part of bringing policies into practice.

HCM City Customs refund about VND7 billion of taxes for exit passengers

13:56 | 24/02/2023 Customs

VCN – HCM City Customs Department refunded about VND7 billion of VAT to exit passengers carrying goods worth over VND95 billion in January, the city’s customs department said.

Latest News

Enterprises have the right to pre-determine HS codes

09:55 | 06/04/2023 Regulations

VCN - At the dialogue conference between Ho Chi Minh City Customs Department and import-export enterprises at the weekend, enterprises raised many problems related to HS code application, and post-clearance audit.

Amendment to Decree 14 to prevent goods congestion at border gates

11:39 | 01/04/2023 Regulations

VCN – When Government Decree No14/2018/ND-CP dated January 23, 2018, is revised to shift the border trade from unofficial-quota trade to official-quota trade to prevent goods congestion at border gates at harvest season or on holidays and Tet, there will be some changes in the management of the border trade.

Notes for businesses on tax policy

13:44 | 31/03/2023 Regulations

VCN - According to experts, some businesses do not understand clearly tax documents and policies, especially new ones, leading to many risks in implementation.

Revising Law on Corporate Income Tax: Promoting resources for socio-economic development

13:43 | 27/03/2023 Regulations

VCN - After a long time of implementation and many changes in reality, it is time to amend the Law on Corporate Income Tax (CIT) to remove difficulties for production and business activities, and open up and promote resources for economic and social development.

More News

Apply 609 preferential export tax lines, 11,526 special preferential import tax lines to implement the CPTPP Agreement

09:33 | 26/03/2023 Regulations

VCN - To enjoy the preferential export tax rates under the Preferential Export Tariff and the Special Preferential Import Tariff of Vietnam implementing the CPTPP Agreement from 2022 to 2027, exported goods must have transport documents and import customs declarations or documents replacing customs declarations showing that the destination is in the territory of the member countries in which the CPTPP Agreement has entered into force, regulated in the scope of Decree No. 115/2022 /ND-CP dated December 30, 2022.

Difficulties in determining samples for testing

09:32 | 26/03/2023 Regulations

VCN – Customs face challenges in determining whether imported food samples for testing are exempt from state inspection for food safety, as well as in identifying which products require registration for announcement purposes.

GDVC instructs application of C/O form D

10:16 | 25/03/2023 Regulations

VCN – ASEAN member states must declare HS code 2022 on Certificate of Origin from April 1.

Goods imported from export processing enterprises must pay tax

09:03 | 24/03/2023 Regulations

VCN - According to the Law on Import and Export Duties provisions, if a domestic enterprise imports products of export processing enterprises, they must pay tax.

Review, perfect regulations on decentralization of public property management

11:55 | 22/03/2023 Regulations

VCN - The Ministry of Finance has sent an official letter to ministries, central and local agencies on improving legal documents under the power for promulgation of ministries, central and local agencies on the management and use of public property.

MoF develops excise tax policy to promote electric vehicle production

17:21 | 13/03/2023 Regulations

VCN – The Ministry of Finance is considering adjusting excise tax rates for some environmentally friendly products in the revised Law on Excise Tax.

Enterprises must submit dossiers and documents to identify authenticity of goods' value

10:09 | 13/03/2023 Regulations

VCN – According to regulations, for customs declarations selected for customs valuation, customs declarants must submit dossiers and documents to identify the authenticity of the declared goods' value.

Correcting policy to avoid overlaps in inspection and supervision at land border gates

14:13 | 26/02/2023 Regulations

VCN - Currently, the draft Decree amending and supplementing Decree No. 08/2015/ND-CP dated January 21, 2015 is being submitted to the Government for signing and promulgation of amendments related to customs inspection and supervision procedures for means of transport on exit, entry and transit in the draft Decree that was amended and supplemented to meet the requirements of administrative procedure reform.

Tax policy for re-imported goods of export processing enterprises

14:43 | 23/02/2023 Regulations

VCN – The General Department of Vietnam Customs has instructed Hanaro TNS Vietnam Co., Ltd about the tax policy for re-imported goods of export processing enterprises.

Your care

The system has not recorded your reading habits.

Please Login/Register so that the system can provide articles according to your reading needs.

Latest Most read