- Company of Mr. Huynh Van Phong operates in the construction sector, specializing in the execution of state budget-funded projects.
- According to Decree No. 44/2023/ND-CP, the value of construction work carried out from July 1, 2023 to December 31, 2023 must issue a tax invoice at a rate of 8%.
- When implementing a construction contract with the investor, Mr. Phong’s company issues a tax invoice for the construction value at a tax rate of 8%.
- Mr. Phong asks whether the supplier of aluminum and glass work should issue a tax invoice to his company at a rate of 8% or 10%.
- The Tax Department of Binh Duong province answers that if Mr. Phong’s company does not belong to the industries listed in the appendix of Decree No. 44/2023/ND-CP, it is eligible for the reduced VAT rate according to this decree.
- Mr. Phong’s company should refer to Decision No. 43/2018/QD-TTg and the appendixes of Decree No. 44/2023/ND-CP to determine the applicable VAT rate for its goods and services.
- Mr. Huynh Van Phong is advised to follow the instructions provided by the Tax Department of Binh Duong province to comply with the regulations.
Source: baochinhphu.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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