What is the VAT Rate for Veterinary Medicines?

In Section 1 of Official Dispatch 16028/BTC-CST of 2014, which provides guidance on value-added tax (VAT) for veterinary drugs, vaccines for veterinary use, raw materials for the production of veterinary drugs, specialized equipment, and tools for the veterinary sector issued by the Ministry of Finance, it is stipulated:

"The Ministry of Finance provides guidance on the application of VAT policy to items such as veterinary drugs, raw materials for the production of veterinary drugs, vaccines for veterinary use, specialized equipment, and tools for the veterinary sector as follows:

1. Veterinary drugs classified under categories 30.03, 30.04; veterinary vaccines classified under category 30.02; distilled water and solutions for veterinary injection classified under category 33.01 are subject to a VAT rate of 5% as stipulated in the VAT schedule issued along with Circular No. 83/2014/TT-BTC."

Thus, for veterinary drug items, a VAT rate of 5% will be applied. You can see more details in the VAT schedule issued along with Circular 83/2014/TT-BTC.

Sincerely!