MEDICAL EQUIPMENT WITH AN IMPORT LICENSE SHALL BE ENTITLED TO 5% VAT RATE
On June 11, 2016, the Ministry of Finance issues the Circular No. 43/2021/TT-BTC amending and supplementing Clause 11, Article 10 of the Ministry of Finance’s Circular No. 219/2013/TT-BTC of December 31, 2013, guiding the implementation of the Law on Value-Added Tax and the Government’s Decree No. 209/2013/ND-CP of December 18, 2013, detailing and guiding a number of articles of the Law on Value-Added Tax (amended and supplemented by the Ministry of Finance’s Circular No. 26/2015/TT-BTC of February 27, 2015).
Accordingly, the VAT rate of 5% shall be applied to medical equipment and instruments, such as scanners and radiography machines of all kinds for medical examination and treatment; devices and instruments used exclusively in surgery and wound treatment; ambulances; blood-pressure, cardiac and vascular meters; blood transfusion instruments; syringes and needles; contraceptive devices.
In addition, the Circular also adds medical equipment and instruments eligible for the VAT rate of 5%, including medical equipment and instruments with an import license or certificate of registration for circulation or receipt note of the declaration of applicable standard in accordance with the law on health or the List of medical equipment under the specialized management of the Ministry of Health as prescribed.
This Circular takes effect on August 01, 2021.
