On January 11, 2022, the National Assembly issued Resolution 43/2022/QH15 on fiscal and monetary policies to support the program of socio-economic recovery and development.
Accordingly, the tax exemption and reduction policies are prescribed as follows:
- Reduce 2% value-added tax rate in 2022, applicable to groups of goods and services currently applying the value-added tax rate of 10% (remaining 8%) , excluding some groups of goods. the following goods and services:
+ Telecommunications, information technology;
+ Financial activities, banking, securities, insurance, real estate business;
+ Prefabricated metal and metal products;
+ Mining products (excluding coal mining), coke, refined petroleum, chemical products, goods and services subject to excise tax.
- Allowing to be included in deductible expenses when determining taxable income of enterprises for support and sponsorship expenses of enterprises and organizations for COVID-19 prevention and control activities in Vietnam for tax period 2022.
Resolution 43/2022/QH15 takes effect from January 11, 2022 to December 31, 2023.
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