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blue-check Additional guidelines on imported goods entitled to VAT reduction in 2022

Dispatch No. 521/TCHQ-TXNK dated February 18th, 2022 of the General Department of Vietnam Customs regarding implementing Decree No. 15/2022/ND-CP
Posted: 21/2/2022 7:31:19 AM | Latest updated: 5/6/2022 11:06:07 AM (GMT+7) | LuatVietnam: 5396 | Vietlaw: 562
VietlawOnline

Following Official Dispatch No. 370/TCHQ-TXNK dated January 28th, 2022 guiding determination and declaration of imported goods eligible for 2% of value-added tax (VAT) reduction, the General Department of Vietnam Customs provides some additional guidelines as follows:

- The declaration of VAT on imported goods is based on the actual imported goods compared with goods subject to VAT and VAT rates in accordance with the Law on VAT and documents guiding the implementation of the Law on VAT.

- Scope of imported goods entitled to the policy on VAT reduction of 2% shall be determined according to the regulations at Resolution No. 43/2022/QH15 and Decree No. 15/2022/ND-CP.

- Imported goods entitled to VAT reduction to 8% are the goods items not prescribed in the List of goods ineligible for VAT reduction (Appendix I, Appendix II, Appendix III promulgated with Decree No. 15/2022/ND-CP).

- Goods and services ineligible for VAT reduction in the list prescribed in Appendix I and Appendix III promulgated with Decree No. 15/2022/ND-CP are the exceptions specified in Resolution No. 43/2022/QH15.

- If imported goods mentioned in the list of goods and services ineligible for VAT reduction satisfy the criteria prescribed in column 8 “Tên sản phẩm” (Product Name), column 9 “Nội dung” (Content) of Appendix I and Part A of Appendix III, column 3 “Hàng hóa” (Goods) of Part B Appendix III, imported goods subject to excise tax of Appendix II promulgated with Decree No. 15/2022/ND-CP, 10% VAT shall apply.

- For goods ineligible for VAT reduction in the list prescribed in Appendix I and Appendix III promulgated with Decree No. 15/2022/ND-CP, if HS code indicates a chapter (2 digits), all the 8-digit items in that chapter shall not be entitled to VAT reduction; if HS code indicates a specific heading (4 digits) or a specific sub-heading (6 digits), all the 8-digit items in that heading shall not be entitled to VAT reduction; If HS code indicates a specific HS code (8 digits), only that 8-digit item shall not be entitled to VAT reduction.

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Related documents
blue-check 642/TCHQ-TXNKGuidelines for determination of imported goods ineligible for 2% reduction in VAT
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Published Vietlaw's Newsletter No. 562
Files attachment
enflag pdficon CV521-18022022TCHQ[EN].pdf
Flow
GIảm 2% thuế GTGT 2022Cập nhật đến: 24-Jun-2022
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