REDUCE VALUE-ADDED TAX FOR TRANSPORT, FOOD AND BEVERAGE SERVICES FROM NOVEMBER 1 TO THE END OF 2021
This noticeable content is prescribed by the National Assembly Standing Committee in the Resolution No. 406/NQ-UBTVQH15 dated October 19, 2021, on promulgation of solutions to support enterprises and people affected by the COVID-19 pandemic.
Specifically, value-added tax reduction from November 01, 2021, to the end of December 31, 2021, shall be applied to the following commodities and services:
- Transport service (rail, water, aviation transport, and road transport); accommodation service; food and beverage service; services of travel agencies, tour operators and support services related to promotion and organization of tours;
- Publishing products and services; services of cinematography, television program production, sound recording, and music publishing; artworks, creative, art services; services of libraries, archives, museums, and other cultural activities; sports and entertainment services (excluding publishing software and commodities, services produced and traded online).
Besides, to reduce 30% of the enterprise income tax payable in 2021 for taxpayers whose total revenue in 2021 does not exceed VND 200 billion and decreases compared to that in 2019. The criteria that total revenue in 2021 decreases compared to the total revenue in 2019 is not required for the case where the taxpayer has just established, consolidated, merged, separated, or split in the tax periods of 2020 and 2021.
This Resolution takes effect on the signing date.
