Decree 146/2017 / ND-CP was issued, and Decree 100/2016 / ND-CP, Decree 12/2015 / ND-CP was corrected / supplemented on the following points.
For imported goods to be exported to non-taxable areas and foreign countries,
if the cumulative amount of purchase VAT is more than 300 million Vietnamese
dongs, you can receive VAT refund.
· Before Decree 146, the following export items were not subject to VAT
taxation.
-Raw natural resources · Minerals
-Processed products derived from natural resources and minerals, in which the proportion of natural resources / minerals’ cost is 51% or more
· From Decree 146 onwards, 0% VAT is applied for exports derived from natural
resources product (51% criteria are eliminated)
· Change in deductible amount in corporate tax
-Changing the maximum limit per employee for payment of any pension fund
or annuity insurance
(1 million Vietnamese Dong to 3 million Vietnamese Dong)
-Maximum number of life insurance employees per person changed to 3 million
Vietnamese dong