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Global Trade Alert

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Vietnam: Reduced the VAT rate for imported medical equipment

Description

On 11 June 2021, Vietnam issued the Ministry of Industry and Trade Circular No. 43/2021/TT-BTC, reducing the value-added tax (VAT) rate for imported medical equipment from 10% to 5%. The medical equip...

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Intervention Details

Intervention Type

Internal taxation of imports

MAST Chapter

F: Price-control measures, including additional taxes and charges

Implementation date

01 Aug 2021

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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