KPMG's Tax Alert - Decree 15 on VAT reduction and CIT deductibility on donation expenses 2022


January 2022 | KPMG in Vietnam

Following the Resolution No. 43/2022/QH15, on 28 January 2022, the Government issued Decree 15/2022/ND-CP guiding the implementation of the tax relief measures relating to the VAT reduction and CIT deductibility for Covid-19 donation and sponsorship expenses. Accordingly, the VAT for the goods and services which are currently subject to the rate of 10% to 8%, applicable from 1 February 2022 to 31 December 2022.

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