Conditions to enjoy zero VAT rate
VGP – The Ministry of Finance just issued a circular explaining the conditions for enjoying the value added tax (VAT) rate of 0%, which are applied for some international transport and aviation and maritime services.
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Accordingly, the beneficiaries must have transport or service contracts signed with foreign partners.
They must also present documents proving their banking payment or other legal methods of payment.
If carrying individual passengers, the transporter must have vouchers of direct payment.
In case services are provided to foreign organizations or airlines irregularly, without a fixed schedule and without contracts, the service supplier must present vouchers of direct payment too.
Aviation services imposed with the tax rate of 0% include those conducted within international airports and other services supplied to passengers of international flights from Vietnamese international airports.
In the maritime sector, the beneficiary services include vessel towing service; maritime navigation; maritime rescue; ports and quays; loading/unloading; opening/closing the cargo hold; cleaning the holds; check-up and hand-over of cargos.
The Circular will come into effect within 45 days since June 2.
By Nguyên Hồ
