Voters of Co Do district asked the relevant authorities to consider reducing the value-added tax on the monthly electricity consumption of households. The response of Can Tho City Power Company is as follows:
Can Tho City Electricity Company is a unit providing services and specific goods that are entitled to value-added tax (VAT) reduction in accordance with the provisions of Decree No. 15/2022/ND-CP dated January 28-1. In 2022, the Government promulgates regulations on tax exemption and reduction policies according to Resolution No. 43/2022/QH15 of the National Assembly on fiscal and monetary policies to support the program of socio-economic recovery and development. . The application period for VAT reduction is from February 1, 2 to the end of December 2022, 31, with the VAT rate of 12%.
After the expiration of the prescribed period of VAT reduction, the current VAT rate applicable to Can Tho City Power Company in particular as well as other business enterprises in general is 10% as before. government. Can Tho City Power Company is a unit directly under the Southern Power Corporation, performing the task of selling electricity in the area of Can Tho city according to the functions and duties of the Corporation. The company does not have the function of reducing the VAT rate for the monthly electricity consumption of households. The reduction of VAT issued by the Government, Can Tho City Electricity Company will comply with the provisions of law.
