Chính thức giảm 2% thuế suất thuế GTGT từ 01/02/2022

Reduce the VAT rate to 2% from February 1, 2022.

The 2% VAT reduction policy is mentioned in the Resolution on fiscal and monetary policies to support the Socioeconomic Recovery and Development program that has just been approved by the first extraordinary session on January 11, 2022. On January 28, 2022, the General Department of Taxation issued an express notice on the urgent implementation of Decree No. 15/2022/ND-CP.

1. Subjects of application:

The VAT reduction is applied to groups of goods and services currently subject to the 10% VAT rate, except for some of the following groups of goods and services: telecommunications, information technology, financial activities, banking, securities, insurance, and business of real estate, metals and precast metal products, mining products (exclusive of coal mining), coke, refined petroleum, chemical products, and goods and services subject to excise tax. (Details of groups of goods and services not eligible for VAT reduction are in Appendices I, II, and III, issued together with Decree No. 15/2022/ND-CP). Click here for more information on Decree 15/2022/ND-CP issued on January 28, 2022.

Tải bản Word của Nghị định 15/2022/NĐ-CP

Tra cứu danh mục hàng hóa không được giảm 2% thuế GTGT

Tham khảo công văn này hướng dẫn lập hóa đơn giảm thuế GTGT 20%

1. VAT reduction rates:

Reduce 2% VAT rate in 2022, specifically:

– Business establishments that calculate VAT by the deduction method may apply the VAT rate of 8% for goods and services eligible for VAT reduction.

– Business establishments (including household businesses and individual businesses) that pay VAT using the direct method (as a percentage (%) of revenue) shall be eligible for 20% reduction in the percentage (%) used as the basis for calculating VAT when issuing invoices for the goods and services eligible for VAT reduction.

1. Procedures for VAT reduction:

– For business establishments that calculate VAT by the deduction method: When issuing VAT invoices for goods and services on which VAT is reduced, specify the “8% VAT rate” in the line of the VAT rate, VAT amount payable, and total amounts payable on the issued invoice. The seller or service provider shall declare output VAT and the buyer or service user shall declare input VAT according to the VAT amount written on the VAT invoice.

– For business establishments that calculate VAT by the direct method: When issuing sales invoices for goods and services on which VAT is reduced, write the amount before the reduction in the “Thành tiền” (“Amount”) column, the amount payable after reduction (by 20% of the tax rate on revenue) in the “Cộng tiền hàng hóa, dịch vụ” (“Total amount”) line, and the note “reduce the amount” equivalent to 20% of the percentage used as the basis for calculating VAT, is reduced according to Resolution No. 43/2022/QH15”) on the issued invoice.

1. Notes:

– Separate invoices must be issued for goods and services which are eligible for VAT reduction. If business establishments fail to issue separate invoices for goods and services which are eligible for VAT reduction, they shall receive no VAT reduction.

– In case a business establishment has issued an invoice and declared tax at the tax rate or percentage (%) which is not yet reduced according to this Decree No. 15/2022/ND-CP, the seller and the buyer shall prepare a record or enter into a written agreement specifying the errors. The seller shall also issue a correction invoice and provide it to the buyer. The seller shall adjust output VAT and the buyer shall adjust input VAT (if any) according to the correction invoice.

– In case a seller or provider of goods or services that are eligible for VAT reduction has issued invoices in the form of tickets with the printed prices, and wishes to keep using these invoices, they shall stamp the reduced prices (by 2% of the tax rate or by 20% of the percentage (%) of revenue) beside the pre-printed prices.

– The business establishments specified in this Article 1 Decree No. 15/2022/ND-CP shall declare goods and services that are eligible for VAT reduction using Form No. 01 in Appendix IV enclosed herewith together with the VAT declaration form.

1. Effect and implementation

– This Decree comes into force from February 01, 2022, to December 31, 2022, inclusively.

     During the discussion session of the National Assembly, National Assembly Chairman Vuong Dinh Hue expressed the following views:

“In a special context, a breakthrough solution is needed. Support policies need to hit the right target audience to create spillover effects. It is necessary to introduce an economic stimulus package large enough for industries and fields with high growth potential and to ensure the efficiency of investment capital flows. private.

If calculating a 2% reduction in VAT, the impact on budget revenue is 70,000-80,000 billion VND. So, there are two ways, you can collect normally and then take 80,000 billion VND to subsidize people, or reduce taxes so people can enjoy, stimulate domestic consumption, multi-purpose.”

Stronger impact policies introduced in the current context are needed. The objectives with specific targets set by the National Assembly are:

1. Restore and rapidly develop production and business activities, promote growth drivers, prioritize many important industries and fields, and strive to achieve the goal of the 2021–2025 period: At an average growth rate of 6.5–7% per year, the public debt targets are below the warning level allowed by the National Assembly in Resolution No. 23/2021/QH15, the unemployment rate in urban areas is below 4%,
2. Maintaining macroeconomic stability and major balances over the medium and long term.
3. Cut costs, improve cash flow, encourage initiative, and create favorable conditions for businesses, economic organizations, and individuals.
4. Effectively prevent and control the COVID-19 epidemic; ensure social security and people’s lives, especially workers, the poor, the vulnerable, and those heavily affected by the epidemic, protect, and ensure national defense, security, social order, and safety.

The adoption of the policy of reducing VAT by 2% is receiving a lot of attention from society.

VAT reduction of 2%

The 2% VAT reduction policy is mentioned in the Resolution on fiscal and monetary policies to support the Socioeconomic Recovery and Development program that has just been approved by the first extraordinary session on January 11, 2022. On January 28, 2022, the General Department of Taxation issued an express notice on the urgent implementation of Decree No. 15/2022/ND-CP.

The VAT rate in 2022 will be reduced to 8% and applied to groups of goods and services currently subject to 10% VAT.

This reduction will not apply to groups of goods and services, including metal production and production of prefabricated metal products, the mining industry (excluding coal mining), coke production, and petroleum, refining and producing chemicals and chemical products, as well as other goods and services subject to excise tax.

At the same time, Resolution 43/2022/QH15 also allows deductible expenses to be included when determining corporate income taxable income for expenditures to support and sponsor businesses and organizations for prevention activities against the COVID-19 epidemic in Vietnam for the tax period of 2022.

The above resolution was approved by the National Assembly in the context of the economy being severely affected by the COVID-19 epidemic and our country’s economic growth in both 2020 and 2021 being at a very low level in recent years. Production and business activities face many difficulties, especially in 2021 when many fields are severely affected.

During the discussion session, National Assembly Chairman Vuong Dinh Hue expressed the following views:

“In a special context, a breakthrough solution is needed. Support policies need to hit the right target audience to create spillover effects. It is necessary to introduce an economic stimulus package large enough for industries and fields with high growth potential and to ensure the efficiency of investment capital flows. private.

If calculating a 2% reduction in VAT, the impact on budget revenue is VND 70,000-80,000 billion. So there are two ways: you can collect normally and then take 80,000 billion VND to subsidize people, or reduce taxes so people can enjoy, stimulate domestic consumption, multi-purpose.”

According to Dr. Can Van Luc, a member of the National Financial and Monetary Policy Advisory Council:

“Vietnam’s support level is only similar to low-income countries. Currently, the state has flexibly used fiscal and monetary policies with a total scale of about 4%/GDP to restore the economy, but experts say that the size of the packages is much lower than the average 16.4% of global GDP. Without a special program of the economic stimulus package that is strong enough and timely in terms of fiscal and monetary terms, we will miss the beat and lag behind.”

Therefore, more impactful policies introduced in the current context are really necessary. The objectives with specific targets set by the National Assembly are:

1. Restore and rapidly develop production and business activities, promote growth drivers, prioritize many important industries and fields, and strive to achieve the goal of the 2021-2025 period: At an average growth rate of 6.5–7% per year, the public debt targets are below the warning level allowed by the National Assembly in Resolution No. 23/2021/QH15, the unemployment rate in urban areas is below 4%,
2. Maintaining macroeconomic stability and major balances over the medium and long term;
3. Cut costs, improve cash flow, encourage initiative, and create favorable conditions for businesses, economic organizations, and individuals.

4. Effectively prevent and control the COVID-19 epidemic, ensure social security and people’s lives, especially workers, the poor, the vulnerable, and those heavily affected by the epidemic; protect and ensure national defense, security, social order, and safety.

The adoption of the policy of reducing VAT by 2% is receiving a lot of attention from society. Gonnapass will continually notify readers when relevant material is included in the next articles.

List of goods and services that are not eligible for Vat reduction Decree No. 15