Determining Product Groups Eligible for VAT Reduction Under Decree 174/2025/NĐ-CP

The company of Mr. Lê Đình Giản, which primarily deals in wholesale household goods, inquired about a 2% VAT reduction for household items like pots and pans under Decree 174/2025/NĐ-CP. According to the decree, VAT reduction applies to goods and services with a 10% tax rate, excluding telecommunications, financial services, real estate, metal products, and others listed in Annex I and II. If the goods fall under these categories, they are not eligible for the VAT reduction. The decree is effective from July 1, 2025, to December 31, 2026. The company should refer to the legal documents to ensure compliance.

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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