This is the collection of the Decrees, Decisions, Circulars, and Official Letters which take effect from March, 2022 including Decree 21/2022/NĐ-CP; Decree 10/2022/NĐ-CP; Decision 206/QD-BTC; CIRCULAR 03/2022/TT-BCT;...
Issued by: Government Effective date: 10/03/2022 | DECREE 21/2022/NĐ-CP ON AMENDMENTS TO THE GOVERNMENT’S DECREE NO. 57/2019/ND-CP DATED JUNE 26, 2019 ON PREFERENTIAL EXPORT TARIFF SCHEDULE AND SPECIAL PREFERENTIAL IMPORT TARIFF SCHEDULE UNDER THE COMPREHENSIVE AND PROGRESSIVE AGREEMENT FOR TRANS-PACIFIC PARTNERSHIP IN THE 2019 – 2022 PERIOD. As of September 19, 2021, the CPTPP Agreement officially took effect for the Republic of Peru, so Decree 21/2022/ND-CP (“Decree 21”) was issued on March 10, 2022 to implement the CPTPP Agreement for the period of 2019-2022 with additional provisions applicable to Peru. Accordingly,
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Issued by: Government Effective date: 01/03/2022 | DECREE 10/2022/NĐ-CP ON REGISTRATION FEES (FREE REGISTRATION FEES FOR ELECTRIC CAR FOR 3 YEARS FROM 01/03/2022) On January 15, 2022, the Government issued Decree 10/2022/ND-CP on registration fees. Specifically, the registration fee rates for electric cars running on batteries is as follows:
- Houses, land: 0,5%. - Hunting guns; guns used for training or sports: 2%. - Ships, including barges, canoes, tugs, pushers, submarines, submersibles; boats, including yachts; aircraft: 1%. - Motorcycles: 2%. - Motor vehicles, trailers or semi-trailers towed by motor vehicles, or equivalences: 2%. |
Issued by: Minister of Finance Effective date: 24/02/2022 | DECISION 206/QD-BTC ON IMPLEMENTATION OF THE APPLICATION OF ELECTRONIC INVOICES IN 57 PROVINCES AND MUNICIPALITIES In Decision 206/QD-BTC, the Ministry of Finance listed out a list of provinces and municipalities that will have to apply e-invoices as well as the core regulations that need to be applied in the process of implementing this decision.
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Issued by: Minister of Industry and Trade Effective date: 15/03/2022 | CIRCULAR 03/2022/TT-BCT ON TEMPORARILY SUSPENDING THE BUSINESS FOR TEMPORARY IMPORTING AND RE-EXPORTING MEDICAL MASKS, MEDICAL GLOVES AND PROTECTIVE SUIT. On January 28, 2022, The Minister of Industry and Trade promulgated Circular 03/2022/TT-BCT regarding the temporarily suspending the business for temporary importing and re-exporting medical masks, medical gloves and protective suit. Accordingly, temporarily suspending the business for temporary importing and re-exporting medical masks, medical gloves and protective suit in the List of the Appendix issued together with Circular 03/2022/TT-BCT. For consignments of medical masks, medical gloves and protective suit, which have passed the customs clearance for temporary importing from 01/01/2022 to before 15/03/2022, shall continue to re-export according to the provisions of Decree 69/2018/ND-CP. The list of medical masks, medical gloves and protective suit issued together with Circular 03/2022/TT-BCT includes:
- Code: 4015.11.00 (Description: Medical gloves). - Code: 4015.19.10 (Description: Medical gloves).
- Code: 6307.90.40 (Description: Medical masks). - Code: 6307.90.90 (Description: Medical masks). |
Issued by: General Department of Taxation Effective date: 21/03/2022 | OFFICIAL LETTER NO. 9262/CTHN-TTHT OF HANOI GENERAL DEPARTMENT OF TAXATION PROVIDES GUIDANCES ON VALUE ADDED TAX REDUCTION UNDER DECREE 15/2021/ND-CP FOR REGISTRATION SERVICES In order to support companies to comply with the regulations on industries and fields that are eligible for VAT reduction under Decree No. 15/2022/ND-CP, 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 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:
Price exclusice VAT = (Selling price)/(1+10%) |
Issued by: Ministry of Finance Effective date: 23/03/2022 | OFFICIAL LETTER 2688/BTC-TCT OF THE MINISTRY OF FINANCE PROVIDES GUIDANCE ON TIME TO ISSUE INVOICE FOR VALUE ADDED TAX (“VAT) REDUCTON UNDER DECREE 15/2021/ND-CP In order to support companies to comply with the regulations under Decree 15/2022/ND-CP, on March 23, 2022, the Ministry of Finance issued Official Letter No. 2688/BTC-TCT sending to the General Department of Taxation in provinces and municipalities. This document provides guidance on invoice issuance for goods and services in order to reduce VAT rate to 8%. Accordingly, time to issue invoice is regulated as follows:
- The amount invoiced before February 1, 2022 is not applicable for VAT reduction; - The remaining unpaid amount, which invoiced from February 1, 2022 to December 31, 2022, is applicable for VAT reduction
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Issued by: General Department of Customs Effective date: 25/02/2022 | OFFICIAL LETTER 642/TCHQ-TXNK ISSUED BY GENERAL DEPARTMENT OF CUSTOMS DATED FEBRUARY 25, 2022 GUIDING ON IMPLEMENTATION OF VAT RATES DECLARATION, PRODUCT’S NAME DETERMINATION AND HS CODE APPLICATION OF IMPORTED GOODS WHICH ARE NOT ELIGIBLE FOR TAX REDUCTION ACCORDING TO DECREE 15/2022/ND-CP. Recently, the General Department of Customs has received opinions and official letters from businesses requesting guidelines on declaring value-added tax (VAT) rates, determining product’s name and applying HS codes of imported goods which are not eligible for VAT reduction. On February 25, 2022, the General Department of Customs issued Official Letter 642/TCHQ-TXNK to address enterprises’ concerns. Accordingly, the official guides that imported goods which are not eligible for VAT reduction include:
Imported goods mentioned in Appendices I, II, III issued together with Decree 15/2022/ND-CP are not subject to VAT or subject to 5% VAT according to the provisions of the Law on VAT shall comply with the provisions of the Law on VAT. |
Issued by: Hanoi Department of Taxation Effective date: 11/03/2022 | OFFICIAL LETTER 8000/CTHN-TTHT ON VAT REDUCTION ACCORDING TO DECREE NO. 15/2022/ND-CP. In order to deal with the problems of Official Letter No. 27/CV-CRD of Construction Investment and Rural Development Joint Stock Company dated February 21, 2022, Hanoi Department of Taxation issued Official Letter 8000/CTHN-TTHT. Accordingly, Official Letter has answered the following problems:
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Issued by: Hanoi Department of Taxation Effective date: 02/03/2022 | OFFICIAL LETTER 6778/CTHN-TTHT ON VAT REDUCTION ACCORDING TO DECREE NO. 15/2022/ND-CP. In order to deal with the problems of Official Letter No. 01/22-CV of Wellbe Vietnam Co., Ltd dated February 15, 2022, Hanoi Department of Taxation issued Official Letter No. 6778/CTHN-TTHT. Accordingly, Official Letter has answered the following problems:
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