Decision No. 596/QD-BTC of the Ministry of Finance corrects the value-added tax rate from 10% to 5% for goods and services with codes 52.01, 52.02, and 52.03, applicable from January 1, 2009.
Key points
- Goods/services with codes 52.01, 52.02, and 52.03 → the value-added tax rate is adjusted from 10% to 5%
- This Decision takes effect from January 1, 2009
🌐 Social impact of this document
- Enterprises producing and trading goods under codes 52.01, 52.02, and 52.03 will reduce their tax costs and increase profits.
- Consumers may benefit from reduced prices on certain items.
❓ Frequently asked questions
What groups of goods have had their value-added tax rates changed?
The value-added tax rate for goods with codes 52.01, 52.02, and 52.03 has been adjusted from 10% to 5%. (Article 1)
When does this Decision take effect?
This Decision takes effect from January 1, 2009. (Article 2)
Which groups of goods/services are affected by this Decision?
Goods/services with codes 52.01, 52.02, and 52.03 are subject to adjustments in the value-added tax rate. (Article 1)
How many value-added tax rates have been changed?
The value-added tax rate from 10% has been adjusted to 5%. (Article 1)
When does this Decision become effective for enterprises?
This Decision takes effect from January 1, 2009. (Article 2)
Full text
Pursuant to …;
Regarding the correction of Circular No. 131/2008/TT-BTC
dated December 26, 2008 of the Ministry of Finance
______________________________
THE MINISTER OF FINANCE
On the basis of the Law on Legislative Acts of 17/2008/QH12 dated June 3, 2008;
On the basis of Decree No. 104/2004/NĐ-CP dated March 23, 2004 of the Government on the Official Gazette of the Socialist Republic of Vietnam;
Pursuant to the Decree No. 118/2008/NĐ-CP dated November 27, 2008 of the Government stipulating the functions, tasks, powers, and organizational structure of the Ministry of Finance;
At the request of the Director of the Tax Policy Department;
DECISION:
Article 1. Corrects the rate of value-added tax at 10% for groups 52.01, 52.02, and 52.03 in Circular No. 131/2008/TT-BTC dated December 26, 2008 of the Ministry of Finance to a rate of value-added tax at 5%.
Article 2. This Decision takes effect from January 1, 2009. The Director of the Policy Department of Taxation, the Head of the Office of the Ministry of Finance, the Heads of units under the Ministry of Finance, and related units are responsible for implementing this Decision./.
DEPUTY MINISTER
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