Securities and foreign currency trading
businesses do not have to pay value added tax (VAT), the Ministry of Finance
(MoF) has just issued circular guiding implementation of Decree
No.121/2011/NĐ-CP on VAT.
Land
use right transfer, securities trading, foreign currency trading, teaching,
vocational training, specialized press release, personal gifts do not suffer
the VAT, the circular said.
Besides,
public sanitation service, residential area and street drainage, maintenance of
zoos, public gardens, parks, street trees, public lighting, funeral service….
also do not have to pay VAT, the circular showed.
However,
businesses which provide office cleaning services will have to pay VAT.
In
addition, organizations and individuals who are non-commercial or not
taxpayers, do not have to declare VAT when they sell property including selling
assets for bank or credit institution guarantee.
Source
TEI/StoxPlus
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Consulting, Investment and Management, focusing three main economic sectors: International PR; Healthcare & Wellness;and Tourism & Hospitality. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programs. Sign up with twitter to get news updates with @SaigonBusinessC. Thanks.
No comments:
Post a Comment