Troubleshooting VAT on Medical Equipment

10:01:01 AM | 21/8/2020

The Lang Son Customs Department requested the General Department of Customs to guide the application of the value-added tax (VAT) rate on medical equipment and raised opinions to the Health Ministry to specify a list of medical equipment to facilitate tax collection and payment.

The Lang Son Customs Department reported and requested the General Department of Customs to guide which medical equipment to impose 5% and 10% VAT. Currently, as the names of medical equipment and instruments are still generic, not specific, the Lang Son Customs Department suggested that the General Department of Customs consult with the Ministry of Health to make a list of medical equipment to facilitate tax collection and payment.

The department also reported to the General Department to request competent authorities to consider amending the VAT rate to match medical equipment with veterinary equipment on infusion cables and needles.                                                               

By Huong Hau, Vietnam Business Forum