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blue-check Conditions for applying 5% VAT to medical equipment before and after August 1st, 2021

Official letter No. 2402/TCHQ-TXNK dated June 20th, 2022 of the General Department of Vietnam Customs regarding value added tax (VAT) on medical equipment and instruments
Posted: 22/6/2022 8:34:42 AM | Latest updated: 28/6/2022 4:30:58 PM (GMT+7) | LuatVietnam: 5478 | Vietlaw: 566
VietlawOnline

With regard to medical equipment and instruments imported before August 1st, 2021, the VAT policy shall be carried out according to the regulations at clause 8 Article 1 of Circular No. 26/2015/TT-BTCstatus2 . Accordingly, in case imported medical equipment and instruments do not belong to the types regulated at clause 8 Article 1 of Circular No. 26/2015/TT-BTCstatus2 , the VAT rate of 5% shall be applied only when there is certification of the Ministry of Health.

From August 1st, 2021 onwards, the VAT policy shall be carried out according to the amended regulations at Article 1 of Circular No. 43/2021/TT-BTC. Accordingly, imported equipment and instruments shall be entitled to apply 5% VAT if there is one of the following documents: import Permit/Certificate of free sale/Notice on receipt of standard declaration according to regulations of medical law or according to list of medical equipment attached to Circular No. 14/2018/TT-BYT .

Ms Phuong Thao (VietlawOnline.com)
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Published Vietlaw's Newsletter No. 566

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Thuế GTGT thiết bị y tếCập nhật đến: 20-Jun-2022

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