Following to the Resolution No. 43/2022/QH15 dated 11 January 2022 promulgated by the National Assembly on fiscal and monetary policies to support the Socio-Economic Development and Recovery Program which is effective from 11 January 2022 to 31 December 2023, the Government has just delivered the Decree No. 15/2022/ND-CP on 28 Jan 2022 providing guideline on implementation of the mentioned Resolution.

Accordingly, from 1 Feb to 31 Dec 2022, goods and services which are currently subject to 10% VAT shall be entitled to a reduced VAT rate of 8%, except for the following types of goods and services:

  • Telecommunications, IT services;
  • Finance and banking services, securities, insurance;
  • Real estate business;
  • Metal production and manufacture of prefabricated metal products;
  • Mining industry (excluding coal mining), production of coke (“than cốc”), refined petroleum, production of chemicals and chemical products; and
  • Goods and services which are subject to special sales tax.

The invoice issuance and tax declaration supporting software shall be upgraded to supplement the VAT rate of 8%.


To get into details for specific cases, please feel free to contact us as at:

Unit 602A, Tower A, Handi Resco Office Building

521 Kim Ma Street, Ba Dinh District, Hanoi

+ 84 24 3974 4181/ 4182

+ 84 24 3974 3090