According to the provisions of the law on subjects subject to VAT for some types of goods and services, there are also subjects not subject to VAT . So what are the subjects not subject to VAT? Let’s find the answer in the article of MISA MeInvoice in the content of the article below.
Agricultural products come from growing crops, raising livestock, aquaculture, seafood farming, fishing and these products are unprocessed or unprocessed.
For example: Company A signs a pig raising contract with Company B in the form that Company B delivers to Company A piglets, feed, veterinary medicine, and Company A delivers and sells pig products to Company B. The pig raising wages received from Company B and the pig products
delivered and sold by Company A to Company B
Pork products received by Company B from Company A: if Company B sells pigs (whole) or fresh pork, the products sold are not subject to VAT. If Company B processes pigs into products such as sausages, smoked meat, ham or other processed products, the products sold are subject to VAT according to regulations.
Products are livestock and crops that are genetically modified in the stages of farming, import, and commercial business.
Dredging canals and irrigation works japan telegram data for agricultural production and harvesting agricultural products.
Salts produced from the sea, natural rock salt, and refined salt contain NaCl.
Housing is sold or rented by the state.
Transfer of land use rights.
Services related to finance securities, banking as prescribed.
For example: In March 2021, Enterprise A is a business are used for this if you choose that pays VAT using the deduction method, mortgages its production lines, machinery and equipment to borrow capital from Bank B, the loan term is 1 year (the repayment deadline is March 31, 2022). By March 31, 2022, Enterprise A is unable to repay the debt and canada data must hand over the assets to Bank B. When handing over the assets, Enterprise A does not have to issue an invoice. Bank B sells the assets securing the loan to recover the debt, the assets sold are not subject to VAT.
Medical and veterinary services. In case the medical treatment service package (according to regulations of the Ministry of Health) includes the use of medicine, the revenue from medicine in the
medical treatment service package is also not subject to VAT.
Public postal, telecommunications and internet services, popularized by the Government.
Services for maintaining public works, zoos, parks, funeral services.
Vocational training and vocational education according to the provisions of law.
For example: Training Center X is assigned by a competent authority to train and issue practice certificates for insurance agents. Training Center X assigns the training task to unit Y to perform, Training Center X organizes exams and issues practice certificates for insurance agents, then the activities of organizing exams and issuing certificates of Training Center X are not subject to VAT.