​           On June 20, 2022 the Government promulgated Decree No. 41/2022/ND-CP amending and supplementing a number of articles of the Government's Decree No. 123/2020/ND-CP dated October 19, 2020, on invoices and documents and the Government's Decree No. 15/2022/ND-CP dated January 28, 2022, providing tax exemption and reduction policies under the National Assembly’s Resolution No. 43/2022/QH15, on fiscal and monetary policies in support of the socio-economic recovery and development program.

Accordingly, amending regulations on invoicing for goods and services eligible for VAT reduction to 8% as follows:

- In case a business establishment calculates VAT by the credit method, when selling goods or providing services with different tax rates, the VAT invoice must clearly state the tax rate of each good or service.

- In case a business establishment calculates VAT according to the percentage method on revenue when selling goods or providing services, their sales invoices must state the reduced money as prescribed

In addition, in the case that from February 1, 2022 to June 20, 2022, a business establishment that has issued a VAT invoice according to the above provisions are still eligible for VAT reduction, exemption from invoice adjustment, and not subject to administrative violations of tax and invoices.

This Decree comes into force from June 20, 2022.

        Department of Enterprise Management.