The Ministry of Finance is drafting a Circular amending Point a.4 Clause 10 Article 7 of Circular 219/2013/TT-BTC guiding the implementation of the Law on Value Added Tax and Decree 209/2013/ND-CP.
Article table of contents
The circular repeals example 37 at Point a.4 Clause 10 Article 7 of Circular 219/2013/TT-BTC and amends Point a.4 Clause 10 Article 7 of Circular 219/2013/TT-BTC as follows:
- For business establishments receiving the transfer of land use rights from organizations and individuals, the land price that is deductible for VAT calculation is the land price at the time of receiving the transfer of land use rights, including the value of infrastructure (if any);- If the infrastructure has been included in the value of the land use rights, it does not need to be declared or deducted for input VAT. Conversely, if the deductible land price does not include the value of the infrastructure, then input VAT can be declared and deducted;- If the land price at the time of receiving the transfer cannot be determined, the deductible land price for VAT calculation is the land price stipulated by the Provincial People's Committee or the central city at the time of signing the transfer contract.
Check the detailed content at the Draft Circular amending Point a.4 Clause 10 Article 7 of Circular 219/2013/TT-BTC.
