Official letter No. 642/TCHQ-TXNK
dated February 25th, 2022 of the General Department of Vietnam Customs regarding declaration of VAT rate, determination of names and application of HS codes of imported goods ineligible for tax reduction under Decree No. 15/2022/ND-CP
Posted: 2/3/2022 8:33:05 AM | Latest updated: 4/6/2022 11:06:17 AM (GMT+7)
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This Official letter is to explain how to understand and determine imported goods belong to the List of goods ineligible for 2% reduction in VAT promulgated at Annexes I, II, III of Decree No. 15/2022/ND-CP .
Accordingly, imported goods ineligible for 2% reduction in VAT are the goods of which product names are mentioned at column 8 "product names" and some cases in which the products' contents are described at column 9 "contents" of Annex I, part A Annex III or at column 3 "goods" part B Annex III or imported goods subject to excise tax at Annex II of Decree No. 15/2022/ND-CP .
With regard to goods ineligible for VAT reduction prescribed at Annexes I, II, III of Decree No. 15/2022/ND-CP, if they are not subject to VAT or subject to 5% VAT under regulations of the Law on VAT, tax shall be still declared according to the Law on VAT.
Section 3 of this Official letter also instructs how to determine goods ineligible for VAT reduction in case where the List: only presents number of HS Chapter; only details to Heading number; only details to Sub-heading number or details to 8-digit codes and the case where HS codes are symbolized (*).