Shall kết quả bóng đá trực tiếp Decree on 20% reduction in VAT rate for kết quả bóng đá trực tiếp first 6 months of kết quả bóng đá trực tiếp year be issued in Vietnam before December 15, 2024?

Shall kết quả bóng đá trực tiếp Decree on 20% reduction in VAT rate for kết quả bóng đá trực tiếp first 6 months of kết quả bóng đá trực tiếp year be issued in Vietnam before December 15, 2024?

Based on sub-section 3.3, section 3 ofResolution 233/NQ-CP of 2024concerning kết quả bóng đá trực tiếp regular Government meeting of November 2024 as follows:

Continue prioritizing kết quả bóng đá trực tiếp promotion of growth associated with maintaining macroeconomic stability, controlling inflation, ensuring major economic balances, with kết quả bóng đá trực tiếp determination to achieve kết quả bóng đá trực tiếp 2024 socio-economic development plan at kết quả bóng đá trực tiếp highest level, setting kết quả bóng đá trực tiếp momentum for acceleration and breakthroughs, striving to achieve kết quả bóng đá trực tiếp growth target of 8% in 2025.

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(3) Proactively grasp market situation, balance supply and demand, commodity prices, to have suitable and effective measures for market stabilization, especially for essential goods, ensuring supply for kết quả bóng đá trực tiếp end of kết quả bóng đá trực tiếp year and Tet holiday of Ất Ty 2025, avoiding shortages, disruptions, and sudden price increases.

(b) Ministry of Finance leads and cooperates with related agencies and localities:

(1) Strengthen financial discipline and state budget discipline; vigorously implement digital transformation and electronic invoices; intensify revenue collection related to land in kết quả bóng đá trực tiếp final months of 2024 as directed by kết quả bóng đá trực tiếp Prime Minister in Official Telegram 124/CD-TTg dated November 30, 2024.

(2)Promptly finalize and submit to kết quả bóng đá trực tiếp Government for issuing a Decree stipulating kết quả bóng đá trực tiếp policy of reducing value-added tax for kết quả bóng đá trực tiếp first 6 months of 2025 according to kết quả bóng đá trực tiếp Resolution of kết quả bóng đá trực tiếp 8th session of kết quả bóng đá trực tiếp National Assembly of kết quả bóng đá trực tiếp XV legislature, to be completed before December 15, 2024. Continue to study and propose competent authorities on exemption, reduction, extension policies of taxes, fees, and land rent, to support individuals and enterprises in developing production and business to apply right from early 2025 based on a thorough evaluation to build policies with foresight and ambition.

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Thus, according to kết quả bóng đá trực tiếp above Resolution, kết quả bóng đá trực tiếp Government requires kết quả bóng đá trực tiếp Ministry of Finance to lead and collaborate with related agencies and localities to promptly finalize and submit to kết quả bóng đá trực tiếp Government kết quả bóng đá trực tiếp issuance of a Decree stipulating kết quả bóng đá trực tiếp policy of reducing value-added tax for kết quả bóng đá trực tiếp first 6 months of 2025 according to kết quả bóng đá trực tiếp Resolution of kết quả bóng đá trực tiếp 8th session of kết quả bóng đá trực tiếp National Assembly of kết quả bóng đá trực tiếp XV legislature, to be completed before December 15, 2024.

This means kết quả bóng đá trực tiếp Decree on a 20% reduction in VAT rate for kết quả bóng đá trực tiếp first 6 months of 2025 is expected to be issued before December 15, 2024.

Shall kết quả bóng đá trực tiếp Decree on 20% reduction in VAT rate for kết quả bóng đá trực tiếp first 6 months of kết quả bóng đá trực tiếp year be issued in Vietnam before December 15, 2024?(Image from kết quả bóng đá trực tiếp Internet)

Which goods are subject to a 20% reduction in VAT ratein Vietnam in kết quả bóng đá trực tiếp first 6 months of 2025?

Based on section 8 of Resolution 174/2024/QH15, kết quả bóng đá trực tiếp goods eligible for a 20% reduction in VAT rate are kết quả bóng đá trực tiếp groups of goods and services stipulated at point a, section 1.1, clause 1, Article 3 ofResolution 43/2022/QH15of kết quả bóng đá trực tiếp National Assembly on fiscal and monetary policy supporting kết quả bóng đá trực tiếp economic recovery and development program from January 1, 2025, to kết quả bóng đá trực tiếp end of June 30, 2025.

DownloadResolution 174/2024/QH15

Simultaneously, point a, section 1.1, clause 1, Article 3 ofResolution 43/2022/QH15stipulates as follows:

Policy to support kết quả bóng đá trực tiếp economic recovery and development program

1. Fiscal policy:

1.1. Tax exemption and reduction policy:

a) Reduce 2% of kết quả bóng đá trực tiếp value-added tax rate in 2022, applicable to groups of goods and services currently applying a 10% VAT rate (to 8%), except for certain groups of goods and services such as: telecommunications, information technology, financial activities, banking, securities, insurance, real estate business, metals, fabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products, goods and services subject to special consumption tax;

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Thus, kết quả bóng đá trực tiếp goods eligible for a 20% reduction in VAT rate from January 1, 2025, to June 30, 2025, are kết quả bóng đá trực tiếp groups of goods and services currently applying a 10% VAT rate (to 8%), with kết quả bóng đá trực tiếp exception of certain groups of goods and services such as:

- Telecommunications, information technology, financial activities, banking, securities, insurance, real estate business, metals, fabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products, goods, and services subject to special consumption tax.

At kết quả bóng đá trực tiếp same time, kết quả bóng đá trực tiếp Ministry of Finance is also soliciting opinions to finalize kết quả bóng đá trực tiếp Decree on a 20% reduction in VAT rate for kết quả bóng đá trực tiếp first 6 months of 2025. Currently, kết quả bóng đá trực tiếp latest draft Decree for kết quả bóng đá trực tiếp 2025 first-half VAT reduction updated by kết quả bóng đá trực tiếp Ministry of Finance is kết quả bóng đá trực tiếp draft number 3.

DownloadDraft Decree on 20% reduction in VAT rate (Draft number 3)

kết quả bóng đá trực tiếp content of kết quả bóng đá trực tiếp Draft Decree on 20% reduction in VAT rate for kết quả bóng đá trực tiếp first half of 2025 is based on kết quả bóng đá trực tiếp full inheritance of contents already stipulated inlịch trực tiếp bóng đá.

What are kết quả bóng đá trực tiếp exemption cases of VAT declaration and paymentin Vietnam?

According to clause 3, Article 3 ofNghị định 209/2013/NĐ-CPstipulating cases not required to declare or pay value-added tax as follows:

- Organizations and individuals that receive financial compensation, bonuses, support funds, transfer fees of emission rights, and other financial receipts.

- Organizations and individuals that produce and do business in Vietnam purchasing services from foreign organizations without a permanent establishment in Vietnam, individuals overseas who are non-residents of Vietnam, including cases such as vehicle and machinery repair (including materials, replacement parts); advertising, marketing; investment and trade promotion; sales agency and service provision; training; sharing postal and telecommunications international service charges between Vietnam and abroad where these services are performed outside of Vietnam.

- Organizations and individuals not engaged in business and not subject to VAT selling assets.

- Organizations and individuals transferring investment projects for kết quả bóng đá trực tiếp production and business of goods and services subject to VAT to enterprises, cooperatives.

- Products from agricultural, livestock, and aquatic activities that have not been processed or only undergone simple processing sold to enterprises and cooperatives, except for cases stipulated in Clause 1, Article 5 of kết quả bóng đá trực tiếpVietnamese VAT Law 2008.