The new and notable points of Decree No. 180/2024/ND-CP regulating the value-added tax reduction policy according to Resolution 174/2024/QH15

The new and notable points of Decree No. 180/2024/ND-CP regulating the value-added tax reduction policy according to Resolution 174/2024/QH15

The new and notable points of Decree No. 180/2024/ND-CP regulating the value-added tax reduction policy according to Resolution 174/2024/QH15

Posted on: 10/01/2025

Decree No. 180/2024/ND-CP, issued on December 31, 2024, regulates the value-added tax (VAT) reduction policy according to Resolution No. 174/2024/QH15 of the National Assembly. Below are the new and notable points of this Decree:

  1. VAT reduction to 8%: The Decree stipulates that the VAT rate will be reduced from 10% to 8% for certain goods and services from January 1, 2025, to June 30, 2025. This is one of the measures to support businesses and consumers in the context of a difficult economic environment.

  2. List of goods and services not eligible for the tax reduction: Certain groups of goods and services will not be subject to this tax reduction, including:

    • Telecommunications, financial, banking, securities, insurance services, and real estate business.
    • Metals and products made from cast metals, mining products (except extracted coal), coke, refined petroleum, and chemical products.
    • Products subject to special consumption tax and information technology as per the law.

  3. Application method of the tax reduction:

    • For businesses applying the credit method of VAT, the 8% VAT rate will be applied to goods and services subject to the tax reduction.
    • For business households and individual businesses, the VAT calculation rate will be reduced by 20% when issuing invoices for goods and services eligible for the tax reduction.

  4. Invoice issuance procedures: The Decree clearly stipulates how to issue VAT invoices when applying the new tax rate. Specifically, businesses must state the 8% VAT rate on the invoice and declare output and input VAT in accordance with regulations.

  5. Application period: The Decree is effective from January 1, 2025, to June 30, 2025, to create favorable conditions for businesses and consumers during this period.

The 2% VAT reduction policy will help people save on living expenses, thereby stimulating demand and increasing consumption.

Legal Basis:

Hệ thống văn phòng :

🔹Trụ sở chính: 702/63/7 Lê Đức Thọ, Phường An Hội Đông, TP. Hồ Chí Minh

🔹VPĐD tại Đà Lạt: 72 Nguyễn Công Trứ, Phường Lâm Viên - Đà Lạt, Tỉnh Lâm Đồng

🔹VPĐD tại Kon Tum: 227 Phan Đình Phùng, Phường Đăk Cấm, Tỉnh Quảng Ngãi

🔹VPĐD tại TP. HCM: 779 Huỳnh Văn Lũy, Phường Bình Dương, TP. Hồ Chí Minh

🔹VPĐD tại Gia Lai: 59 Trường Chinh, Phường An Nhơn Đông, Tỉnh Gia Lai

🔹VPĐD tại Bảo Lộc: 48/49 Phạm Ngọc Thạch, Phường 1 – Bảo Lộc, Tỉnh Lâm Đồng

🔹VPĐD tại Hà Nội: Phòng 701, Tòa nhà Kim Ánh, Số 1 ngõ 78, Phường Cầu Giấy, TP. Hà Nội

CÔNG TY TNHH ĐÀO TẠO & TƯ VẤN THTAX

📌 702/63/7 Lê Đức Thọ, Phường An Hội Đông, TP.HCM

📞 0934 518 268 – 0918 774 497

OTHER POST