Official telegram No. 05/CD-TCT dated June 30, 2023 of the General Department of Taxation regarding implementation of the Government's Decree No. 44/2023/ND-CP stipulating the policy on value-added tax (VAT) reduction under Resolution No. 101/2023/QH15 of the National Assembly

The Official telegram requests Departments of Taxation of provinces and centrally - affiliated cities to actively disseminate the policy on 2% reduction in VAT from July 1, 2022 according to the regulations at Decree No. 44/2023/ND-CP to taxpayers in their localities to promptly apply.

Accordingly, goods and services currently subject to the 10% tax rate (except for the following groups of goods and services) shall be entitled to apply the 8% tax rate from July 1, 2023 to the end of December 31, 2023: