What goods are subject to VAT reduction in Vietnam 2025 according to trực tiếp bóng đá euro hôm nay Draft Decree?
What are regulations onthe Draft Decree on VAT reduction in Vietnamfor 2025?
According to trực tiếp bóng đá euro hôm nay Resolution of trực tiếp bóng đá euro hôm nay National Assembly approved on November 30, 2024, trực tiếp bóng đá euro hôm nay Ministry of Finance has announced trực tiếp bóng đá euro hôm nay draft Decree that stipulates trực tiếp bóng đá euro hôm nay policy for VAT reduction.
trực tiếp bóng đá euro hôm nay Draft Decree on VAT reduction for 2025 is as follows:
See trực tiếp bóng đá euro hôm nay Draft Decree on VAT reduction for 2025:Download
Note: This Decree shall take effect from January 1, 2025, to trực tiếp bóng đá euro hôm nay end of June 30, 2025.
What goods aresubject to VAT reduction in Vietnam2025 according to trực tiếp bóng đá euro hôm nay Draft Decree?(Image from trực tiếp bóng đá euro hôm nay Internet)
What goods are subject to VAT reduction in Vietnam 2025 according to trực tiếp bóng đá euro hôm nay Draft Decree?
According to Clause 1, Article 1 of trực tiếp bóng đá euro hôm nay Draft Decree, trực tiếp bóng đá euro hôm nay value-added tax will be reduced for groups of goods and services currently applying trực tiếp bóng đá euro hôm nay 10% tax rate, except for trực tiếp bóng đá euro hôm nay following groups of goods and services:
- Telecommunications, financial activities, banking, securities, insurance, real estate business, metals, and products from cast metals, mining products (except coal mining), coke, refined petroleum, chemical products. Details in Appendix 1 issued with this Decree.
- Goods and services subject to special consumption tax. Details in Appendix 2 issued with this Decree.
- Information technology according to information technology laws. Details in Appendix 3 issued with this Decree.
- trực tiếp bóng đá euro hôm nay reduction of value-added tax for each type of goods and services shall be uniformly applied at trực tiếp bóng đá euro hôm nay stages of importation, production, processing, and commercial business.
For trực tiếp bóng đá euro hôm nay extracted coal sold (including cases where coal is extracted and then screened, classified through a closed process and sold), it is subject to VAT reduction. Coal items under Appendix 1 issued with this Decree at stages other than trực tiếp bóng đá euro hôm nay extraction and sale do not receive VAT reduction.
Corporations and economic groups implementing a closed process for new sales are also subject to VAT reduction for extracted coal sold.
In cases where goods and services listed in Appendices 1, 2, and 3 issued with this Decree are exempt from VAT or subject to a 5% VAT rate under trực tiếp bóng đá euro hôm nay Law on Value-Added Tax, they must comply with trực tiếp bóng đá euro hôm nay Law on Value-Added Tax and are not eligible for VAT reduction.
According to trực tiếp bóng đá euro hôm nay draft, business establishments calculating value-added tax by trực tiếp bóng đá euro hôm nay credit method shall apply an 8% VAT rate for goods and services as mentioned above.
Business establishments (including business households and individual businesses) calculating VAT by trực tiếp bóng đá euro hôm nay % method on revenue will receive a 20% reduction in trực tiếp bóng đá euro hôm nay percentage used to calculate VAT when issuing invoices for goods and services reduced as mentioned above.
See Appendix of trực tiếp bóng đá euro hôm nay Draft Decree on VAT reduction for 2025:Download
What is trực tiếp bóng đá euro hôm nay appendix of trực tiếp bóng đá euro hôm nay Decree on VAT reduction in Vietnam until trực tiếp bóng đá euro hôm nay end of 2024?
On June 30, 2024, trực tiếp bóng đá euro hôm nay Government of Vietnam issuedDecree 72/2024/ND-CPon trực tiếp bóng đá euro hôm nay policy of VAT reduction according to Resolution 142/2024/QH15.
In Article 1 ofDecree 72/2024/ND-CP, VAT is reduced for groups of goods and services currently applying trực tiếp bóng đá euro hôm nay 10% tax rate, except for trực tiếp bóng đá euro hôm nay following groups of goods and services:
- Telecommunications, financial activities, banking, securities, insurance, real estate business, metals, and products from cast metals, mining products (except coal mining), coke, refined petroleum, chemical products.
Details in Appendix 1 issued withDecree 72/2024/ND-CP
- Goods and services subject to special consumption tax.
Details in Appendix 2 issued withDecree 72/2024/ND-CP
- Information technology according to information technology laws.
Details in Appendix 3 issued withDecree 72/2024/ND-CP
Furthermore, trực tiếp bóng đá euro hôm nay VAT reduction for each type of goods and services stipulated in Clause 1, Article 1 ofDecree 72/2024/ND-CPwill be uniformly applied across importation, production, processing, and commercial business stages. For trực tiếp bóng đá euro hôm nay items of extracted coal sold (including cases where coal is extracted and then screened, classified through a closed process and sold out), it is subject to VAT reduction. Coal items under Appendix 1 issued withDecree 72/2024/ND-CP, other than trực tiếp bóng đá euro hôm nay extraction and sale, do not benefit from trực tiếp bóng đá euro hôm nay VAT reduction.
Corporations and economic groups implementing a closed process for new sales are also subject to VAT reduction for extracted coal sold.
In cases where goods and services listed in Appendices 1, 2, and 3 issued withDecree 72/2024/ND-CPare exempt from VAT or apply a 5% VAT rate under trực tiếp bóng đá euro hôm nay Law on Value-Added Tax, they must comply with trực tiếp bóng đá euro hôm nay VAT Law and are not eligible for VAT reduction.
Download trực tiếp bóng đá euro hôm nay Appendix of Decree 72 on VAT Reduction until trực tiếp bóng đá euro hôm nay End of 2024here
