APL announces VAT rate of THC

7/10/2009 11:09:36 AM

Pursuant to Item 3 Article 8 of the Law on Value Added Tax 12/2008/QH12 dated 03 June ‘2008 effective from 1 January ‘2009 and due to 50% reduction on VAT rate in accordance to the Circular 13/2009/TT-BTC dated 22 Jan ‘2009, VAT rate 5% is applied to THC.   Effective from 14 July 2009, all existing THC rates APL Co. Pte Ltd is offering will be VAT exclusive.   The VAT amount showing in invoice shall be customers’ input VAT and therefore expected to be deducted later in customers’ tax finalization in accordance with provisions  of Law of Value Added Tax and other related legal instruments.   VietnamShipper

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