7 September 2021
Bac Ninh Tax Department issued Official Letter No. 2670/CTBNI-TTHT dated 24 August 2021 to respond to Vision Semicon Vietnam Company Limited (the “Company”) regarding the VAT rates with the following contents:
In case the Company signs a contract to provide repair and installation services for the enterprises overseas, and the Company is assigned to perform the service at places inside and outside the non-tariff zones, this service VAT rates apply as follows:
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If the service is provided and consumed in the non-tariff zones and meets the conditions specified at Point b, Clause 2, Article 9 of Circular No. 219/2013/TT-BTC dated 31 December 2013 issued by the Ministry of Finance, the applicable tax rate is 0%.
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If the service is provided and consumed outside the non-tariff zones or does not meet the conditions specified at Point b, Clause 2, Article 9 of Circular No. 219/2013/TT-BTC dated 31 December 2013 issued by the Ministry of Finance, the applicable tax rate is 10%.
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