According to the provisions of Clause 1, Article 1 of Decree 15/2022/ND-CP, VAT reduction is applied to goods and services which are currently subject to the tax rate of 10%, except for the following goods and services: telecommunications, financial activities, banking, securities, insurance, real estate, metals and prefabricated metal products, mining products (excluding coal mining), coke, refined oil and chemical products.

Illustrative photo: Nguyen Thanh

Also in Appendix 1, the list of goods and services not eligible for VAT reduction is specified: Heading 7 (code 7-2599939), Heading 8 (name of products – other products of base metal which have not yet been classified), Heading 9 (Contents - consisting of: anchors, hooks and iron or steel parts thereof; bells, gong bells and the like of base metal without using electricity, other aluminum products, not elsewhere classified; other products of lead, zinc, and tin, not elsewhere classified; other products of copper, not elsewhere classified; other products of nickel, not elsewhere classified; other metal products, not elsewhere classified). For example woven sheets, nets, aluminum nets; thread, bobbin core, aluminum silk reel or examples: rods, shapes and lead wires; pipes, conduits and fittings of pipes or conduits; gutters, roofs, pipes and fittings of pipes or conduits, of zinc; plates, strips, Heading 10 (HS code with ).

In the notes section (at the end of Appendix 1), there is a regulation: "Lines with an asterisk () in Heading 10, enterprise shall declare HS codes according to the actual imported goods".