Deducting Value Added Taxed regarding non – merchant imported goods
On Jun 05th, 2018, Hanoi Department of Tax released the Official dispatch No 37483/CT-TTHT. According to this dispatch, in case Enterprise imports goods under non-merchant way with the aim of displaying and introducing products, that is not required to pay for the seller, so it does not have non-cash payment document to foreign organization and individual, if the goods are imported with the aim of serving the manufacturing and trading goods that are subject to Value Added Taxand meet the provision regulated in Clause 10 Article 1 Circular No 26/2015/TT-BTC dated Feb 27th, 2015 of Ministry of Finance, the Value Added Tax of imported goods shall be declared and deducted under law.
In case goods are imported to display and introduce product with the aim of serving the manufacturing and trading goods that are not subject to VAT, then this Company shall not meet the condition to declare and deduct input Value Added Tax.
