Strictly handle cases where the 8% VAT rate is not applied

On February 9, 2022, the General Department of Taxation issued Official Letter 02/CD-TCT on accelerating the implementation of VAT reduction according to the provisions of Resolution 43/2022/QH15 and Decree 15/2022/ND-CP .

Strictly handle cases where the 8% VAT rate is not applied

Strictly handle cases where the 8% VAT rate is not applied (Artwork)

The official cable stated that, on January 28, 2022, the General Department of Taxation issued an official dispatch 01/CD-TCT requesting the Tax Departments to actively propagate and disseminate to taxpayers in the locality the reduction of 2% of the tax rate. Value-added tax (VAT) in 2022 for groups of goods and services currently applying the 10% VAT rate (except for some goods and services), effective from February 1, 2020. 2022 to the end of December 31, 2022 according to Resolution 43/2022/QH15  and Decree 15/2022/ND-CP .

However, through checking and capturing information, there are still some cases where businesses, organizations, business households and individuals have not yet issued VAT invoices that apply the VAT rate of 8% (for groups of goods and services). goods and services subject to VAT reduction from 10% to 8%) according to regulations.

Therefore, the General Department of Taxation requested the Directors of the Department of Taxation to direct tax departments and sub-departments to further promote propaganda and dissemination to people and businesses in the areas under their management; closely follow the localities and taxpayers to guide, support, inspect and supervise the implementation of guidelines and policies of the National Assembly and the Government, especially businesses, organizations, households and individuals trading groups of goods and services subject to VAT reduction in the area in order to strictly comply with regulations on reducing 2% VAT rate in 2022 according to Resolution 43/2022/QH15 and Decree 15/2022/ND- CP , ensuring support policies of the National Assembly, the Government actually come to life.

In case of intentional violations, they must be strictly handled in accordance with the law.

Groups of goods and services eligible for VAT reduction

Reducing VAT for groups of goods and services currently applying the tax rate of 10%, except for the following groups of goods and services:

- Telecommunications, financial activities, banking, securities, insurance, real estate trading, metals and prefabricated metal products, mining products (excluding coal mining), coke, refined petroleum, chemical products. Details are in Appendix I issued together with  Decree 15/2022/ND-CP .

- Products and services subject to excise tax. Details are in Appendix II issued together with  Decree 15/2022/ND-CP .

- Information technology according to the law on information technology. Details are in Appendix III issued together with  Decree 15/2022/ND-CP .

- The reduction of value-added tax for each type of goods and services according to the above provisions shall be applied uniformly at the stages of import, production, processing, business and trade.

For coal sold for sale (including the case of coal mined and then filtered, classified according to a closed process, sold) subject to value-added tax reduction. Coal products in Appendix I promulgated together with  Decree 15/2022/ND-CP are not eligible for value added tax reduction at stages other than mining and sale.

In case goods and services  mentioned in Appendices I, II and III issued together with  Decree 15/2022  are not subject to value-added tax or subject to 5% value-added tax  as prescribed. of the Law on Value Added Tax shall comply with the provisions of the  Law on Value Added Tax  and  shall not be entitled to a reduction of value added tax .

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