- 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.
Latest Posts in "Vietnam"
- Basis for Applying 8% or 10% VAT Rates According to Decree 174/2025/NĐ-CP
- New VAT Law Creates Cash Flow Crisis for Vietnamese Agricultural Exporters
- Vietnam’s 2025 VAT Refund Eligibility: Key Criteria and New Regulations Explained
- Vietnam Announces Temporary VAT Reduction to 8% for Key Sectors Until December 2024
- Guidelines for Handling VAT After Provincial Merger in Vietnam (2022-2025)
