Value Added Tax (VAT) on specialized electronic equipment

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On April 26, 2024, the General Department of Customs issued Official Letter No. 1820/TCHQ-TXNK on guidance on reducing Value Added Tax (VAT) for CNC laser machines.

Based on Section IV Part B Appendix III of Decree No. 94/2023/ND-CP dated December 28, 2023, of the Government, the goods mentioned in Official Letter No. 20240401/GFVN determined as specialized electronic equipment are not subject to VAT reduction, applying a tax rate of 10%. The HS code in column (4) Part B Appendix III is for reference only. The determination of the HS code for the actual imported goods is implemented according to the regulations on goods classification in the Customs Law and legal documents guiding the implementation of the Customs Law. Businesses study the regulations in Decree 94/2023/ND-CP for implementation and directly contact the customs office where import procedures are carried out for specific guidance.


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