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Resolution 43/2022/QH15 – Fiscal , monetary policies supporting economic - social recovery


resolution-43/2022/QH15

Aiming to improve the capacity of COVID-19 epidemic prevention and control, recover and develop economy & social situation during the period of 2021-2025, on January 11, 2022, The National Assembly Standing Committee issued the Resolution No. 43/2022/QH15.


Accordingly, the policies of exemption and reduction of Value Added Tax (VAT) and Corporate Income Tax (CIT) are as follows:

  • For VAT: Goods and services subjected to 10% of tax rate will receive a 2% of tax reduction (to 8%) in 2022, except for some specific cases specified in this resolution.

  • For CIT: Expenses for support and sponsorship of businesses and organizations for COVID-19 prevention and control activities in Vietnam are deductible expenses when determining the tax payables for the tax period of 2022.

Currently, the Ministry of Finance is submitting a draft Resolution about the implementation of the above tax exemption and reduction policy and there has not been any guiding document. Therefore, Companies still issue VAT invoices of 10%.


In addition, the Resolution 43 also proposes policies to support socio-economic recovery including:


Fiscal policies

Increasing development investment from the State budget with a maximum amount of VND 176 trillion, focusing in the two years 2022 and 2023 for the health, social, and business support sectors, etc.


Housing rental support for employees and increasing the level of government guarantee for bonds.


Monetary policies

Policies related to interest rate, debt term, liquidity regulation and financial resources.


Other policies

Develop the Telecommunication Service Fund and the Science and Technology Development Fund.


The resolution 43/2022/QH15 takes effect from 11 January 2022.


RSM will keep you posted when there is a notice of detailed instructions for application of VAT invoices at 8%.


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


Resolution 43_2022_QH15
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