Circular 82/2018/TT-BTC on the Abolition of Provisions on Value-Added Tax

Duy Thinh

19:26, 11/07/2024

Circular 82/2018/TT-BTC repeals the content of Example 37 stipulated in Point a.4 Clause 10 Article 7 of Circular 219/2013/TT-BTC guiding the Law on Value Added Tax and Decree 209/2013/ND-CP.

The content of Example 37 is abolished as follows:

Example 37: In August 2013, Company A received the transfer (purchase) of 200m2 of land from individual B in Binh An Residential Area, Province X, with a transfer price of VND 6 billion.

Company A had a land use rights transfer contract notarized in accordance with land law regulations, and payment documents for individual B amounting to VND 6 billion; Company A did not invest in building anything on this land;

In October 2014, Company A transferred the land purchased from individual B mentioned above with a price of VND 9 billion (resold for VND 9 billion), then Company A issued a VAT invoice and declared, paid VAT, the deductible land value in the VAT taxable price is the land value at the time of receiving the transfer (VND 6 billion).

Other contents at Point a.4 Clause 10 Article 7 of Circular 219/2013/TT-BTC continue to be implemented.

Circular 82/2018/TT-BTC takes effect from October 15, 2018.

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