VALUE ADDED TAX REDUCTION POLICY

On June 30, 2023, the General Department of Taxation (GDT) issued Official Telegram No. 05/CD-TCT on the implementation of the Government's Decree No. 44/2023/ND-CP stipulating the VAT reduction policy under Resolution No. 101/ 2023/QH15 of the National Assembly, sent to provincial Tax Departments and other departments and units under the GDT.

Previously, the Government issued Decree No. 44/2023/ND-CP stipulating the reduction of VAT from July 1, 2023 to the end of December 31, 2023 for groups of goods and services that are being applied the 10% VAT rate, except for some groups of goods and services.

With this Official Telegram, the GDT requires the Tax Departments to actively propagate and disseminate to taxpayers in the area to promptly implement the above tax reduction regulations.

Below is the detail Official Telegram No. 05/CD-TCT:

https://drive.google.com/file/d/1HtJ6lBH6a1rH76LlYk2O0r4j8HSvAGDc/view?usp=sharing

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Hoang Pham (James) / Managing Partner at: hoang.pham@vselawyers.com

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