- 1 On June 30, 2023, the Government issued Decree No. 44/2023/ND-CP stipulating the value-added tax reduction policy according to Resolution 101/2023/QH15 of the National Assembly. Accordingly:
- 1.0.1 OFFICIAL VAT REDUCTION FROM 1/7/2023 AS FOLLOWS:
- 1.0.2 Business establishments that calculate VAT by the credit method may apply the VAT rate of 8% for goods and services currently subject to the 10% tax rate, except for the following groups of goods and services:
- 1.0.3 Business establishments (including business households and business individuals) that calculate VAT by the method of percentage on revenue are entitled to a 20% reduction of the percentage rate for VAT calculation when issuing invoices for goods. goods and services eligible for VAT reduction specified in Clause 1, Article 1 of Decree No. 44/2023/ND-CP.
On June 30, 2023, the Government issued Decree No. 44/2023/ND-CP stipulating the value-added tax reduction policy according to Resolution 101/2023/QH15 of the National Assembly. Accordingly: 
OFFICIAL VAT REDUCTION FROM 1/7/2023 AS FOLLOWS:
Business establishments that calculate VAT by the credit method may apply the VAT rate of 8% for goods and services currently subject to the 10% tax rate, 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 No. 44/2023/ND-CP.
Goods and services subject to excise tax. Details are in Appendix II issued together with Decree No. 44/2023/ND-CP.
+ Information technology according to the law on information technology. Details are in Appendix III issued together with Decree No. 44/2023/ND-CP.
+ The value-added tax reduction for each type of goods and services specified in Clause 1, Article 1 of Decree No. 44/2023/ND-CP is uniformly applied at the stages of import, production, processing, commercial business.
For the sold coal mined (including the case of coal mined and then screened and classified according to a closed process to be sold) which is subject to VAT reduction. Coal products listed in Appendix I promulgated together with Decree No. 44/2023/ND-CP are not eligible for VAT reduction at stages other than mining and sale.
Corporations and economic groups that carry out a closed process to sell are also subject to VAT reduction for sold coal mined products.
In case goods and services mentioned in Appendices I, II and III issued together with Decree No. 44/2023/ND-CP are not subject to VAT or subject to 5% VAT as prescribed, VAT is not reduced.
Business establishments (including business households and business individuals) that calculate VAT by the method of percentage on revenue are entitled to a 20% reduction of the percentage rate for VAT calculation when issuing invoices for goods. goods and services eligible for VAT reduction specified in Clause 1, Article 1 of Decree No. 44/2023/ND-CP.
⭐️ NOTE: BUSINESSES MAKE DECLARATION OF GOODS AND SERVICES BEING REDUCED VAT BY FORM NUMBER 01 IN APPENDIX IV ISSUED TO THIS DECREE WITH VAT DECLARATION.
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