Unify customs declaration as applying value added tax reduction

The General Department of Customs has issued a document guiding Customs Departments of provinces and cities to implement regulations on value-added tax (VAT) reduction according to Resolution No. 174/2024/QH15 of the National Assembly, allowing continued VAT reduction from January 1 to June 30, 2025. The General Department of Customs informed local Customs Departments about the VAT reduction policy. Namely, a 2% reduction in VAT rates for groups of goods and services specified in Point a, Section 1.1, Clause 1, Article 3 of Resolution No. 43/2022/QH15 of the National Assembly on fiscal and monetary policies to support the Socio-Economic Recovery and Development Program, from January 1 to June 30, 2025.

The General Department of Customs guides its units to declare using the VNACCS/VCIS Automatic Customs Clearance System. Specifically, to select code VB235 in the information box "Code for applying tax rate/tax rate and other fees" on the electronic import declaration registered from 0:00 on January 1, 2025 to declare the VAT rate of 8% for goods subject to VAT reduction according to the provisions of Resolution No. 174/2024/QH15 mentioned above...

According to Resolution No. 43/2022/QH15 of the National Assembly, a 2% reduction in VAT will be applied to groups of goods and services currently subject to a VAT rate of 10% (to 8%), except for some groups of goods and services such as telecommunications, information technology, financial activities, banking, securities, insurance, real estate business, metals, prefabricated metal products, mining products (excluding coal mining), coke coal, refined petroleum, chemical products, goods and services subject to special consumption tax.

Reported by Thanh Hong - Translated by Ngoc Huynh