Notice No. 2298/TB-TTKQH dated 17/05/2023 conclusion of the National Assembly Standing Committee on the project Resolution of the National Assembly on value-added tax reduction.
Accordingly, the National Assembly Standing Committee agreed on the scope of application of the VAT reduction policy as stipulated in Resolution No. 43/2022/QH15 dated January 11, 2022 of the National Assembly on fiscal and monetary policies. support the program of socio-economic recovery and development.
According to Resolution 43/2022/QH15: Reducing the value-added tax rate by 2%, applicable to groups of goods and services currently subject to the 10% value-added tax rate (remaining 8%), excluding some of the following groups of goods and services: telecommunications, information technology, financial activities, banking, securities, insurance, real estate trading, metals, prefabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products, goods and services subject to excise tax.
The application period of the Resolution is from July 1, 2023 to December 31, 2023.
