CASES OF DECLARATION VAT FOR AGRICULTURAL PRODUCTS AT THE RATE OF 5%
According to Clause 5, Article 5 of Circular No. 219/2013/TT-BTC
– Enterprises and cooperatives paying VAT according to deducted method sell crop, livestock, aquatic products and seafood products that have not yet been processed into other products or are only preliminarily processed to enterprises or cooperatives. At the stage of commercial business, it is not required to declare, calculate and pay VAT. On the VAT invoice, write the line of selling price as the price without VAT, the line of tax rate and VAT without written or crossed out.
– In case enterprises or cooperatives pay VAT by the deducted method, they sell unprocessed crops, livestock and aquatic products into other products or are only preliminarily processed to other subjects such as households, business individuals and other organizations and individuals must declare VAT at the tax rate of 5%.
– Business households, individuals, and enterprises, cooperatives other economic organizations pay VAT according to the method of calculating directly on VAT when selling unprocessed products of cultivation, husbandry, aquaculture and fishing into other products or only through normal preliminary processing at the stage of commercial business, VAT shall be declared at the rate of 1% of turnover.