On January 28, 2022, the Government issued Decree 15/2022/ND-CP prescribing tax exemption and reduction under Resolution 43 on fiscal and monetary policies for supporting Socio-Economic Recovery and Development Program (Decree 15). Decree 15 takes effect from February 1, 2022 with notable contents related to the value-added tax reduction policy as follows:
(i) Classes of goods and services eligible for the value-added tax rate of 8%;
(ii) Instructions for issuing value-added invoices.
