KPMG Tax Alert - Decree 49 amending VAT decrees


August 2022

On 29 July 2022, the Government issued Decree 49/2022/ND-CP supplementing and amending a number of articles of Decree 209/2013/ND-CP on VAT and its amending decrees (i.e. Decree 12/2015/ND-CP, Decree 100/2016/ND-CP and Decree 146/2017/ND-CP). The key changes under Decree 49 are as follows:

  • Amending the provision on deductible land price used in VAT calculations in cases of real estate transfer.
  • Amending the provision on VAT-able price to allocate VAT payable for dependent-accounting power plants of EVN / GENCO.
  • Amending the provision on VAT refund for investment projects.

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