On July 29, 2022, the Government issued Decree 49/2022/ND-CP amending Decree 209/2013/ND-CP guiding the Law on Value-Added Tax, which was amended and supplemented by Decree 12/2015/ND-CP, Decree 100/2016/ND-CP and Decree 146/2017/ND-CP (Decree 49). The document will take effect from September 12, 2022 and has some typical contents as follows:
(i) Amending regulations on determining land price permitted to be deducted for value-added tax (VAT) calculation in real estate transfer;
(ii) Amending and supplementing the cases of investment projects eligible for VAT refund;
(iii) Allowing to apply VAT refund for investment projects of business establishments with conditional business lines under Decree 49 from the effective date of Decree 100/2016/ND-CP.
