On November 24, 2015, the Ministry of Finance issued the Circular No. 193/2015/TT-BTC dated November 24, 2015 of the Ministry of Finance amending and supplementing the Circular No. 219/2013/TT-BTC dated December 31, 2013 of the Ministry of Finance guiding the implementation of the Law on Value-Added Tax and the Government’s Decree No. 209/2013/ND-CP of December 18, 2013, detailing and guiding a number of articles of the Law on Value-Added Tax.
Accordingly, apart from some cases prescribed by the current regulations…from January 10, 2016, organizations or enterprises paid remunerations by government bodies for their provision of authorized collection or payment services are not subjected to value-added tax declaration and
assessment. Such authorized collection and payment remunerations which are not subjected to value-added tax declaration and assessment as prescribed in this point are those obtained from activities: collection of voluntary social insurance, voluntary health insurance premiums authorized by social insurance authorities; payment of benefits provided as an advantage for persons honored for their meritorious service, other benefits authorized by the Ministry of Labor, War Invalids and Social Affairs; collection of taxes paid by sole proprietors authorized by tax authorities and other collection and payment activities authorized by government bodies.
This Circular takes effect on January 10, 2016
Source: luatvietnam.vn
