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FINANCE, TAX & INSURANCE, LEGAL NEWSLETTERS

Reducing the value-added tax rate to 8% for some classes of goods and services

Tu Thi Phuong Uyen - 24/03/2022

On January 28, 2022, the Government issued Decree 15/2022/ND-CP prescribing tax exemption and reduction under Resolution 43 on fiscal and monetary policies for supporting Socio-Economic Recovery and Development Program (Decree 15). Decree 15 takes effect from February 1, 2022 with notable contents related to the value-added tax reduction policy as follows:

(i) Classes of goods and services eligible for the value-added tax rate of 8%;
(ii) Instructions for issuing value-added invoices.

Reducing the value-added tax rate to 8% for some classes of goods and services
Reducing the value-added tax rate to 8% for some classes of goods and services
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