22 December 2021
Hai Phong City Tax Department issued the Official Letter No. 3075/CTHPH-TTHT dated 26 November 2021 to guide the reduction of 30% of VAT rate with the following contents:
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Goods and services eligible for VAT reduction from 01 November 2021 to the end of 31 December 2021 include: Transportation services (railway transport, water transport, air transport, other road transport); Food Service; Services of travel agencies, tour operators, and support services, related to the promotion and organization of tours.
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The VAT reduction for the above-mentioned goods and services is 30% of the VAT rate.
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For the case of VAT reduction, when making VAT invoices providing goods and services subject to VAT reduction, the line of VAT rate with be inserted with “the prescribed tax rate (5% or 10%) x 70%”.
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