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Official letter No. 9262/CTHN-TTHT of Hanoi General department of Taxation

PROVIDE GUIDANCES ON VALUE ADDED TAX REDUCTION UNDER DECREE 15/2021/ND-CP FOR REGISTRATION SERVICES


On January 28, 2022, the Government issued Decree No. 15/2022/ND-CP stipulating the policy of tax exemption and reduction according to Resolution No. 43/2022/QH15 of the National Assembly about fiscal and monetary policies for supporting socio-economic recovery and development program. Accordingly, value added tax (“VAT”) on goods and services currently subject to 10% VAT shall be reduced, except some groups of goods and services.


In order to support companies comply with the regulations on industries and fields that are eligible for VAT reduction, on March 21, 2022, the General Department of Taxation issued Official Letter No. 9262/CTHN-TTHT guiding Vietnam Register Training Center (“VRTC”) on the reduction of VAT under Decree No. 15/2022/ND-CP for registration services.


Accordingly, based on the provisions on VAT exemption and reduction in Article 1 of Decree 15/2022/ND-CP and regulations on VAT taxable prices in Article 7 of Circular 219/2013/TT-BTC dated 31 December 2013 of the Ministry of Finance:

  • In case the VRTC calculates VAT by the credit method, providing registration service that is applying the 10% VAT rate and is not on the list of goods and services specified in Appendix I, II, III issued together with Decree No. 15/2022/ND-CP, the registration service is applied the VAT rate of 8% as prescribed in Clause 2, Article 1 of Decree No. 15/2022/ND-CP of the Government from February 1, 2022 to the end of February 1, 2022. December 31, 2022.

  • In case the price of the registration service includes VAT at the VAT rate of 10%, the price exclusive of VAT is determined as follows:

VAT exclusive price=(Selling price)/(1+10%)


Should you have any concerns during the process of implementing the regulations, please contact us.



Official letter No. 9262/CTHN-TTHT
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