New Circular clarifying conditions to be entitled to 5% VAT rate on medical equipment
05 July, 2021
In an effort to remove the uncertainty with respect to the requirement for a confirmation from the Ministry of Health in order to apply 5% VAT rate to medical equipment, on 11 June, the Ministry of Finance issued Circular 43/2021/TT-BTC which amends the provisions in the VAT Circular 219/2013/TT-BTC which deal with the VAT rate applicable to medical equipment.
The new Circular 43 will take effect from 1 August 2021.
