WHAT ARE THE CASES OF GOODS WITHOUT VALUED TAX REDUCTION TO 8%?

 

In Appendix II issued together with Decree No. 15/2022/ND-CP dated January 28, 2022, the Government stipulates the list of goods and services subject to excise tax not eligible for value-added tax reduction. (VAT) from 10% to 8% in 2022.

Specifically, goods that cannot be reduced to 8% include: cigarettes, cigars and other tobacco products used for smoking, stimulation, chewing and drinking; alcohol; Beer; Cars with less than 24 seats, including cars that fit both people and goods with two or more rows of seats, have a compartment design between the owner and the interior compartment; Two-wheeled motorcycles and three-wheeled motorcycles with a cylinder capacity of over 125cm3; Aircraft, yachts. Besides, there are other goods such as: gasoline of all kinds.

For services, industries that are not allowed to reduce VAT to 8% including disco business; Business massage, karaoke; casino business; bonus electronic games including jackpot machine games, slot machines and the like; business of placing machines; golf business, including selling membership cards and golf tickets; lottery business.

The policy of reducing VAT to 8% for some goods and services in Decree No. 15/2022/ND-CP is applied from February 1, 2022 to December 31, 2022.

*****************************************************************************************
[DDC] Dong Du International Accounting, Taxes & Legal Consulting Group HCMC Vietnam, A member of OneSMP Singapore, Southeast Asia Business Consulting Network, we specialize in accounting services, corporate tax advice, legal advice, business training, human resource consulting, product & market surveys…over 15 years up to now in the Vietnam market. Currently, we have also built a team of foreign experts from Japan, Singapore, Thailand, Cambodia … to help customers inside and outside Vietnam to expand appropriate business opportunities as well as possible.

[SETTING UP COMPANY, ACCOUNTING, TAX, LAW COMPLIANCE, HR…IN HO CHI MINH, VIET NAM FOR FOREIGN INVESTORS]

Home page: www.japanvietnam.com.vn. ; https://ddbis.edu.vn.
Facebook/LinkedIn: Dong Du International Accounting & Legal Consulting
In case you have any question, please contact us at tonitran01092020@gmail.com or Tel（ zalo/Viber/Line/Wechat/Whatapps） 090 925 7602 for your references.
#setting up company in Vietnam#accounting #tax #legal consulting
#coaching#humanresources