{"id":3732,"date":"2022-01-19T09:28:04","date_gmt":"2022-01-19T09:28:04","guid":{"rendered":"https:\/\/lawfirmelite.com\/vi?p=3732"},"modified":"2022-09-08T01:54:50","modified_gmt":"2022-09-08T01:54:50","slug":"govt-to-slash-vat-from-10-percent-to-8-percent-in-2022","status":"publish","type":"post","link":"https:\/\/lawfirmelite.com\/vi\/en\/govt-to-slash-vat-from-10-percent-to-8-percent-in-2022\/","title":{"rendered":"Govt proposes cutting VAT from 10% to 8%"},"content":{"rendered":"<p>This is part of the content in the Resolution on fiscal and monetary policies to support the Socio-economic Recovery and Development Program recently approved by the National Assembly.<\/p>\n<p>According to sources from Investors, on the afternoon of January 11, the National Assembly agreed to reduce the value-added tax rate (VAT) by 2% in 2022, applicable to groups of goods and services currently subject to VAT of 10%.<\/p>\n<p>This reduction will not apply to groups of goods and services including: telecommunications, information technology, financial activities, banking, securities, insurance, real estate business, and commodity products. and services subject to excise tax\u2026<\/p>\n<p>This is part of the Resolution on fiscal and monetary policies to support the Socio-economic Development and Recovery Program. The Resolution takes effect from today until the end of December 31, 2023.<\/p>\n<p>Previously, according to Tuoi Tre, the Government proposed to reduce VAT from 10% to 8%. The Government assesses that economic growth in both years 2020-2021 is very low in recent years, production and business activities face many difficulties, especially in 2021 when many fields are severely affected. masonry.<\/p>\n<p>\u201cThe epidemic not only affects in the short term, but also in the medium and long term, the 5-year and 10-year growth targets. If there are no solutions to support the economy, the average growth rate forecast for the period 2021 &#8211; 2025 will only reach 5.4%\/year, lower than the set target.<\/p>\n<p>It is known that in addition to reducing VAT by 2%, the National Assembly also agreed to increase development investment spending from the state budget to a maximum of 176,000 billion VND, concentrated in the two years 2022 and 2023. Accordingly, interest rate support. for enterprises, cooperatives, business households (2%\/year) up to 40,000 billion VND through the system of commercial banks for a number of important industries and fields, enterprises, cooperatives, households business that has the ability to repay debts and recover; loans to renovate old apartment buildings, build social housing, houses for workers to rent and rent to buy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is part of the content in the Resolution on fiscal and monetary policies to support the Socio-economic Recovery and Development Program recently approved by the National Assembly. According to sources from Investors, on the afternoon of January 11, the National Assembly agreed to reduce the value-added tax rate (VAT) by 2% in 2022, applicable to groups of goods and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3182,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[48],"tags":[],"class_list":["post-3732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","cat-48-id"],"_links":{"self":[{"href":"https:\/\/lawfirmelite.com\/vi\/wp-json\/wp\/v2\/posts\/3732"}],"collection":[{"href":"https:\/\/lawfirmelite.com\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lawfirmelite.com\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lawfirmelite.com\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lawfirmelite.com\/vi\/wp-json\/wp\/v2\/comments?post=3732"}],"version-history":[{"count":2,"href":"https:\/\/lawfirmelite.com\/vi\/wp-json\/wp\/v2\/posts\/3732\/revisions"}],"predecessor-version":[{"id":3734,"href":"https:\/\/lawfirmelite.com\/vi\/wp-json\/wp\/v2\/posts\/3732\/revisions\/3734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lawfirmelite.com\/vi\/wp-json\/wp\/v2\/media\/3182"}],"wp:attachment":[{"href":"https:\/\/lawfirmelite.com\/vi\/wp-json\/wp\/v2\/media?parent=3732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lawfirmelite.com\/vi\/wp-json\/wp\/v2\/categories?post=3732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lawfirmelite.com\/vi\/wp-json\/wp\/v2\/tags?post=3732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}