VietlawOnline

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)
Please tag VietlawOnline.com when reposting this article

Related documents

Penalty document

Unknown

Information
Effective Date Unknown
ExpiredDate Unknown
Published Vietlaw's Newsletter No. 566

Files attachment

vnflag pdficon CV2402-20062022TCHQ.pdf
vnflag wordicon CV2402-20062022TCHQ.docx
enflag pdficon CV2402-20062022TCHQ[VLO].pdf

Flow

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

Timeline

No data

Medical

blue-check It is allowable to circulate Class-C or D medical devices right after the import
blue-check New regulations on granting import permit to and inspection of medical devices
light-check Roadmap for mandatory implementation of electronic prescription is delayed to December 31st, 2022
blue-check Conditions for applying 5% VAT to medical equipment before and after August 1st, 2021
blue-check Process for connecting with national information system on prescription management and sale of prescription drugs
blue-check From January 1st, 2022: It is required to disclose prices of medical devices on the Ministry of Health’s website
blue-check Regarding VAT rate applicable to medical equipment
blue-check List of medical supplies used for epidemic prevention and control subject to suspension of the business of temporary import, re-export from March 15th, 2022
blue-check Guidelines on medical affairs in schools
blue-check Criteria for recognition of hospitals for excellence in breastfeeding support
blue-check Guidelines for professional training in occupational health
blue-check Conditions for performing diagnosis of narcotic substance dependence
blue-check Regarding VAT rate applicable to medical devices
blue-check Professional procedures for identifying narcotic addiction
blue-check Regarding import duty rate applicable to scar gel
blue-check Medical devices shall be entitled to 5% VAT if there is the import permit or circulation registration certificate
blue-check New regulations on medical device management from 2022
blue-check Abrogation of 8 legislative documents in the health sector
blue-check From August 1st, 2021: It is not required the written certification of medical equipment of the Ministry of Health for entitlement to 5% VAT
blue-check From August 1st, 2021: Medical equipment shall be entitled to 5% VAT without the Ministry of Health’s certification