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Circular 130/2016/TT-BTC

Global Tax Update:October 2016/Vietnam

Circular No. 130/2016/TT-BTC provides guidance on Decree No. 100/2016/NĐ-CP dated July 1, 2016 of the Government of Vietnam providing detailed guidance on the Law amending and supplementing some articles of the Law on Value Added Tax, Law on Excise Tax and Law on Tax Administration. (Global Tax Update: October 2016/Vietnam)

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Generally, Circular No. 130/2016/TT-BTC (“Circular 130”) supplements the changes in Decree No. 100/2016/ND-CP (“Decree 100”) and the prevailing circulars guiding the Law on Value Added Tax (“VAT”), Excise Tax, and Tax Administration. Apart from updates on the new provision of Decree 100, Circular 130 also provides detailed instructions on several notable items as follows:

(1) VAT REFUND
(2) DETERMINATION OF INTEREST ON LATE TAX PAYMENT
(3) DETERMINATION ON EXPANSION INVESTMENT PROJECTS
(4) SPECIAL CONSUMPTION TAX (“SCT”)

 

>> Click for Japanese [付加価値税法、特別消費税法および税務行政法の一部を補足改正する通達 Circular 130/2016/TT-BTC]

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