Are cars having fewer than 24 seats subject to a value-added đá bóng trực tiếp rate of 8% or 10% in Vietnam?
Are cars having fewer than 24 seats subject to a value-added đá bóng trực tiếp rate of 8% or 10% in Vietnam?
Based on Appendix II issued withDecree 180/2024/ND-CP, which specifies the list of goods subject to special consumption đá bóng trực tiếp not eligible for a reduction in value-added đá bóng trực tiếp, including:
- Cigarettes, cigars, and other products from tobacco plants used for smoking, inhaling, chewing, sniffing, and sucking;
- Alcohol;
- Beer;
- cars having fewer than 24 seats, including those designed to carry both passengers and goods with two or more rows of seats and a permanent partition between the passenger compartment and the cargo area;
- Two-wheeled and three-wheeled motorcycles with a cylinder capacity of over 125 cm3;
- Aircraft, yachts;
- All types of gasoline;
- Air conditioners with a capacity of up to 90,000 BTU;
- Playing cards;
- Votive paper products.
Therefore, cars having fewer than 24 seats are classified as goods not eligible for the 2% value-added đá bóng trực tiếp reduction, making the value-added đá bóng trực tiếp rate for these automobiles 10%.
Are cars having fewer than 24 seats subject to a value-added đá bóng trực tiếp rate of 8% or 10% in Vietnam?(Image from the Internet)
Which goods and services are not eligible for the 2% value-added đá bóng trực tiếp reduction in Vietnam?
Pursuant to Clause 1, Article 1 ofDecree 180/2024/ND-CP, which stipulates the entities not eligible for a 2% value-added đá bóng trực tiếp reduction as follows:
Value-Added đá bóng trực tiếp Reduction
1. Reducing value-added đá bóng trực tiếp for groups of goods and services currently subject to a 10% đá bóng trực tiếp rate, except for the following groups:
a) Telecommunications, financial activities, banking, securities, insurance, real estate business, metals and metal products, mining products (excluding coal mining), coke, refined petroleum, and chemical products. Details in Appendix I issued with this Decree.
b) Products and services subject to special consumption đá bóng trực tiếp. Details in Appendix II issued with this Decree.
c) Information technology as per the law on information technology. Details in Appendix III issued with this Decree.
d) The reduction of value-added đá bóng trực tiếp for each type of goods and service as prescribed in Clause 1 of this Article is uniformly applied at stages of importation, production, processing, and commercial business. For extracted coal sold (including cases where extracted coal is subsequently screened and classified through a closed process before being sold), it is eligible for a value-added đá bóng trực tiếp reduction. Coal products listed in Appendix I issued with this Decree, at stages other than the extraction sale stage, are not eligible for a value-added đá bóng trực tiếp reduction.
Corporations and economic groups that perform a closed process before sale are also eligible for a value-added đá bóng trực tiếp reduction for extracted coal sold.
In case goods and services mentioned in Appendices I, II, and III issued with this Decree belong to entities not subject to value-added đá bóng trực tiếp or entities subject to a 5% value-added đá bóng trực tiếp under the provisions of the Law on Value-Added đá bóng trực tiếp, they shall comply with the provisions of the Law on Value-Added đá bóng trực tiếp and shall not be eligible for a value-added đá bóng trực tiếp reduction.
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As such, the goods and services not eligible for a 2% reduction in value-added đá bóng trực tiếp include:
- Telecommunications, financial activities, banking, securities, insurance, real estate business, metals and metal products, mining products (excluding coal mining), coke, refined petroleum, and chemical products. Details in Appendix I issued withDecree 180/2024/ND-CP.
- Products and services subject to special consumption đá bóng trực tiếp. Details in Appendix II issued withDecree 180/2024/ND-CP.
- Information technology as per the law on information technology. Details in Appendix III issued withDecree 180/2024/ND-CP.
- Coal products listed in Appendix I issued withDecree 180/2024/ND-CP, at stages other than the extraction sale stage are not eligible for a value-added đá bóng trực tiếp reduction.
How long is the 2% value-added đá bóng trực tiếp reduction period under Decree 180 in Vietnam?
Based on Clause 2, Article 2 ofDecree 180/2024/ND-CP, stipulating the effective date and implementation as follows:
Effective Date and Implementation
- This Decree takes effect from January 1, 2025, to June 30, 2025.
- Ministries according to their functions, duties, and the People's Committees of provinces and centrally run cities shall direct relevant agencies to deploy, propagate, guide, inspect, and supervise so that consumers understand and benefit from the value-added đá bóng trực tiếp reduction stipulated in Article 1 of this Decree, focusing on solutions to stabilize the supply and demand of goods and services eligible for value-added đá bóng trực tiếp reduction in order to stabilize market prices (prices before value-added đá bóng trực tiếp) from January 1, 2025, until June 30, 2025.
- In the process of implementation, if any difficulties arise, the Ministry of Finance shall provide guidance and resolution.
- Ministers, Heads of Ministerial-level agencies, Heads of agencies under the Government of Vietnam, Chairpersons of People's Committees of provinces and centrally-run cities, and relevant enterprises, organizations, and individuals are responsible for implementing this Decree.
According to the above regulations, the period for a 2% value-added đá bóng trực tiếp reduction under Decree 180 is from January 1, 2025, until June 30, 2025.
