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
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.