The Customs Department ( Ministry of Finance ) has just issued an urgent dispatch to regional Customs Sub-Departments, implementing Resolution No. 204/2025/QH15 of the National Assembly on reducing value added tax (VAT) from July 1, 2025 to December 31, 2026.
The Customs Department provides specific guidance on reducing the VAT rate by 2%, applicable to groups of goods and services specified in Clause 3, Article 2 of the VAT Law No. 48/2024/QH15 (tax rate reduced from 10% to 8%).
Customs sends urgent instructions on declaring goods subject to 8% VAT (Illustration: KT)
The reduced list does not include the following groups: telecommunications, financial activities, banking, securities, insurance, real estate business, metal products, mining products (except coal), goods and services subject to special consumption tax (except gasoline).
Regarding declaration on the VNACCS/VCIS system, the Customs Department requires selecting code VB245 at the "Code for applying tax rates/tax rates and other fees" indicator on the electronic import customs declaration registered from 0:00 on July 1, 2025 to declare the 8% VAT rate for goods subject to reduction according to the above Resolution.
Code VB245 does not apply to cases of goods that are not subject to VAT, subject to 0% or 5% VAT as prescribed in VAT Law No. 48/2024/QH15, and cases that are not subject to tax reduction under Resolution No. 204/2025/QH15.
It is known that from July 1, 2025 to December 31, 2026, many goods and services currently subject to a VAT rate of 10% will be reduced to 8% according to Resolution 204/2025/QH15 of the National Assembly . This policy does not apply to sectors such as telecommunications, finance, banking, securities, insurance, real estate, metal products, mining (except coal), goods and services subject to special consumption tax (except gasoline).
Therefore, the group that receives tax reduction mainly includes popular consumer goods such as: processed foods, household appliances, plastic products, textiles, footwear, electrical equipment, machinery for production and some construction services that do not include materials.
Source: https://baolaocai.vn/hai-quan-hoa-toc-huong-dan-ke-khai-hang-hoa-ap-dung-thue-gia-tri-gia-tang-8-post403982.html
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