The latest guidance on groups of goods not eligible for VAT reduction to 8%
To ensure the consistent implementation of the contents of Decree 15/2022, the Ministry of Finance guides a number of contents.
Specifically, about groups of goods and services that are not allowed VAT reduction: Specific groups of goods and services not eligible for tax reduction are detailed in Appendix I, II, III issued together with Decree 15/2022.
In case a business establishment signs a service provision contract with collection of money before or during service provision, an invoice has been issued at the time of collection before February 1, 2022 at the tax rate of 10% but the service is refunded. completed during the period from February 1, 2022 to the end of December 31, 2022, the amount invoiced to the school on February 1, 2022 is not eligible for VAT reduction policy.
For the remaining unpaid amount, invoiced from February 1, 2022 to the end of December 31, 2022 according to the provisions of law, the VAT reduction policy will be applied.
In case a business establishment provides goods and services subject to the tax rate of 10% in January 2022, but not until February 2022, the business establishment will issue an invoice for the revenue from the sale of goods and services. In January 2022, they are in the case of making invoices at the wrong time and not eligible for VAT reduction.
For invoices made before February 1, 2022 with the tax rate of 10% after February 1, 2022, there are errors that need adjustment in terms of goods, VAT or return of goods. adjusted, a return invoice is made at the tax rate of 10%.
For activities of providing royal goods and special services such as electricity supply, business establishments are entitled to VAT reduction according to regulations for invoices made from February 1, 2022 to the end of December 31, 2022. .
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