Several tax-related draft decrees are expected to be approved
shortly. In February 2022, the Ministry of Finance of Vietnam
released a draft Decree on tax administration (Draft Decree
Tax Administration) to solicit public comments. It amends
some articles of Decree 126/2020 guiding the Law on Tax
Administration and Decree 123/2020 on invoices.
On 28 January 2022, the Government promulgated Decree No.
15/2022/ND-CP (Decree 15) guiding tax exemption
and reduction under the National Assembly's Resolution No.
43/2022/QH15 on fiscal and monetary policies to support the
socio-economic development and recovery program. Decree 15, which
entered into force on 1 February 2022, deals with the reduction of
2% for the value-added tax (VAT) rate to certain
goods and services currently subject to 10% VAT. It also provides
information on deductible expenses in relation to the support and
sponsorship of COVID-19 prevention and control for the
determination of enterprises' taxable
