Abolishment of the Circular 83/2014/TT-BTC on VAT according to the List of Imported Goods of Vietnam

Abolishment of the Circular 83/2014/TT-BTC on VAT according to the List of Imported Goods of Vietnam

Circular 25/2024/TT-BTC has fully abolished Circular 83/2014/TT-BTC which provides guidance on value-added tax according to the List of Import Goods of Vietnam.

The value-added tax rates according to the List of Import Goods of Vietnam in Circular 83/2014/TT-BTC are as follows:

- The symbol (*) in the tax rate column in the Value-Added Tax Schedule indicates goods that are not subject to value-added tax.

- The symbol (5) in the tax rate column in the Value-Added Tax Schedule indicates goods that are subject to a value-added tax rate of 5% uniformly at the import, production, processing, or commercial business stages (including cases where enterprises or cooperatives pay value-added tax by the deduction method when selling preliminarily processed rubber latex, preliminarily processed resin, and preliminarily processed cotton to enterprises or cooperatives at the commercial business stage).

- The symbol (*, 5) in the tax rate column in the Value-Added Tax Schedule indicates goods that are not subject to value-added tax at the stages of self-production or direct fishing and selling, import, and apply a value-added tax rate of 5% at the commercial business stage, except for the cases stated in point b, clause 3, Article 4 of Circular 83/2014/TT-BTC.

- The symbol (10) in the tax rate column in the Value-Added Tax Schedule indicates goods that are subject to a value-added tax rate of 10% uniformly at the import, production, processing, or commercial business stages.

- The symbol (*, 10) in the tax rate column in the Value-Added Tax Schedule indicates goods such as gold in bar or piece form, which has not been processed into fine artwork, jewelry, or other products (group 71.08) that are not subject to value-added tax at the import stage but are subject to a value-added tax rate of 10% at the production, processing, or commercial business stage.

See more in Circular 25/2024/TT-BTC, effective from June 08, 2024.

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