What is the Official Telegram 08 trực tiếp bóng đá euro hôm nay General Department trực tiếp bóng đá euro hôm nay Taxation trực tiếp bóng đá euro hôm nay Vietnam on implementation trực tiếp bóng đá euro hôm nay a 2% VAT reduction according to Decree 180?

What is the Official Telegram 08 trực tiếp bóng đá euro hôm nay General Department trực tiếp bóng đá euro hôm nay Taxation trực tiếp bóng đá euro hôm nay Vietnamon implementation trực tiếp bóng đá euro hôm nay a 2% VAT reductionaccording to Decree 180?

On December 31, 2024, the General Department trực tiếp bóng đá euro hôm nay Taxation trực tiếp bóng đá euro hôm nay Vietnam issued Official Telegram 08/CD-TCT...Downloadrequiring the Tax Departments trực tiếp bóng đá euro hôm nay provinces and centrally governed cities to proactively disseminate and make known to taxpayers in their regions in order to promptly implementDecree 180/2024/ND-CPtrực tiếp bóng đá euro hôm nay the Government trực tiếp bóng đá euro hôm nay Vietnam regarding a 2% reduction in value-added tax (VAT reduction), effective from January 1, 2025.

The Official Telegram clearly states that on November 30, 2024, the National Assembly issuedNghị vtv2 trực tiếp bóngfor the 8th Session, 15th National Assembly, where Clause 8 trực tiếp bóng đá euro hôm nay this resolution mentions the content:

Continue reducing the VAT rate by 2% for the groups trực tiếp bóng đá euro hôm nay goods and services specified at point a trực tiếp bóng đá euro hôm nay Section 1.1 Clause 1 Article 3 trực tiếp bóng đá euro hôm nayResolution 43/2022/QH15trực tiếp bóng đá euro hôm nay the National Assembly on fiscal and monetary policies to support the Economic Recovery and Development Program from January 1, 2025, to the end trực tiếp bóng đá euro hôm nay June 30, 2025. The Government trực tiếp bóng đá euro hôm nay Vietnam is tasked with organizing implementation and ensuring the revenue tasks and the ability to balance the state budget for the year 2025 as decided by the National Assembly.

On December 31, 2024, the Government trực tiếp bóng đá euro hôm nay Vietnam issuedDecree 180/2024/ND-CPstipulating the policy trực tiếp bóng đá euro hôm nay reducing VAT by 2% according toNghị vtv2 trực tiếp bóngtrực tiếp bóng đá euro hôm nay the National Assembly.

Decree 180/2024/ND-CPprescribes a VAT reduction from January 1, 2025, to the end trực tiếp bóng đá euro hôm nay June 30, 2025, for groups trực tiếp bóng đá euro hôm nay goods and services currently applying a VAT rate trực tiếp bóng đá euro hôm nay 10%, except for certain groups trực tiếp bóng đá euro hôm nay goods and services.

The General Department trực tiếp bóng đá euro hôm nay Taxation trực tiếp bóng đá euro hôm nay Vietnam requires tax departments to proactively disseminate and announce the 2% VAT reduction for taxpayers in their regions to promptly implementDecree 180/2024/ND-CP.

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What is the Official Telegram 08 trực tiếp bóng đá euro hôm nay General Department trực tiếp bóng đá euro hôm nay Taxation trực tiếp bóng đá euro hôm nay Vietnam on implementation trực tiếp bóng đá euro hôm nay a 2% VAT reduction according to Decree 180?(Image from Internet)

Which types trực tiếp bóng đá euro hôm nay goods and services are eligible to a 2% VAT reduction in Vietnam according to Decree 180?

Pursuant to Article 1 trực tiếp bóng đá euro hôm nayDecree 180/2024/ND-CP, goods and services subject to a VAT reduction for the first six months trực tiếp bóng đá euro hôm nay 2025 are as follows:

(1) Reduction trực tiếp bóng đá euro hôm nay VAT for groups trực tiếp bóng đá euro hôm nay goods and services currently applying a 10% tax rate, excluding the following goods and services:

- Telecommunications, financial activities, banking, securities, insurance, real estate business, metals and pre-fabricated metal products, mineral products (excluding coal mining), coke, refined petroleum, chemical products. Details in Appendix 1 attached toDecree 180/2024/ND-CP.

- Goods and services subject to special consumption tax. Details in Appendix 2 attached toDecree 180/2024/ND-CP

- Information technology according to the laws on information technology. Details in Appendix 3 attached toDecree 180/2024/ND-CP

- The VAT reduction for each type trực tiếp bóng đá euro hôm nay goods and services specified in Clause 1, Article 1 trực tiếp bóng đá euro hôm nayDecree 180/2024/ND-CPis uniformly applied at the stages trực tiếp bóng đá euro hôm nay import, production, processing, and commercial business. For coal mining goods sold (including cases where mined coal is processed and classified through a closed procedure before being sold), they are subject to VAT reduction. Coal goods in Appendix I attached toDecree 180/2024/ND-CP, at stages other than sales, are not subject to VAT reduction.

Economic corporations and conglomerates implementing a closed cycle process prior to sales are also subject to VAT reduction for mined coal goods sold.

In cases where goods and services mentioned in Appendices 1, 2, and 3 attached toDecree 180/2024/ND-CPare either not subject to VAT or are subject to a 5% VAT according to theLuật Thuế giá trị đá bóng trực, they must comply with the Value Added Tax Law and are not eligible for VAT reduction.

According to regulations in Article 8 trực tiếp bóng đá euro hôm nay theValue Added Tax Law 2008(amended by Clause 3, Article 1 trực tiếp bóng đá euro hôm nay theAmended Value Added Tax Law 2013, Clause 2, Article 3 trực tiếp bóng đá euro hôm nay theLaw on Amendments to Tax Laws 2014, and Clause 2, Article 1 trực tiếp bóng đá euro hôm nay theLaw on Amending Value Added Tax, Special Consumption Tax, and Tax Management Law 2016), a 10% tax rate applies to normal goods and services not subject to 0% and 5% rates.

(2) VAT Discount Rate:

- Businesses calculating VAT by the deduction method apply a VAT rate trực tiếp bóng đá euro hôm nay 8% for goods and services specified in(1)

- Businesses (including household and individual businesses) calculating VAT by a percentage rate on turnover are eligible for a 20% reduction trực tiếp bóng đá euro hôm nay the percentage rate to calculate VAT when issuing invoices for goods and services eligible for VAT reduction as specified in(1).

What are procedures forimplementing a 2% VAT reduction in Vietnamaccording to Decree 180

According to Clause 3, Article 1 trực tiếp bóng đá euro hôm nayDecree 180/2024/ND-CPregarding the procedures for implementing a VAT reduction, as follows:

- For businesses specified at point a, Clause 2, Article 1 trực tiếp bóng đá euro hôm nayDecree 180/2024/ND-CP, when issuing a VAT invoice providing goods and services subject to VAT reduction, in the line indicating the VAT rate, write "8%"; VAT amount; total amount payable by the purchaser.

Based on VAT invoices, businesses selling goods and services declare output VAT, and businesses purchasing goods and services declare input VAT deduction according to the reduced tax noted on the VAT invoice.

- For businesses specified at point b trực tiếp bóng đá euro hôm nay Clause 2, Article 1 trực tiếp bóng đá euro hôm nayDecree 180/2024/ND-CP, when issuing sales invoices providing goods and services eligible for VAT reduction, in the "Amount" column, write the full amount trực tiếp bóng đá euro hôm nay goods and services before the reduction, in the "Total goods and services amount" line, record the amount after a 20% reduction trực tiếp bóng đá euro hôm nay the percentage rate on turnover, also note: "reduced by... (amount) corresponding to a 20% reduction trực tiếp bóng đá euro hôm nay the percentage rate for VAT calculation according toNghị vtv2 trực tiếp bóng".