{"id":6312,"date":"2021-12-14T02:48:27","date_gmt":"2021-12-13T19:48:27","guid":{"rendered":"http:\/\/ffa.ntt.edu.vn\/news\/enterprises-are-entitled-to-cit-reduction-in-2021-and-vat-reduction-from-november-1-2021-to-december-31-2021\/"},"modified":"2021-12-14T02:49:22","modified_gmt":"2021-12-13T19:49:22","slug":"enterprises-are-entitled-to-cit-reduction-in-2021-and-vat-reduction-from-november-1-2021-to-december-31-2021","status":"publish","type":"post","link":"https:\/\/ffa.ntt.edu.vn\/en\/enterprises-are-entitled-to-cit-reduction-in-2021-and-vat-reduction-from-november-1-2021-to-december-31-2021\/","title":{"rendered":"Enterprises are entitled to CIT reduction in 2021 and VAT reduction from November 1, 2021 to December 31, 2021"},"content":{"rendered":"<p>According to Resolution No. 406\/NQ-UBTVQH of the National Assembly Standing Committee issued on October 19, 2021 on a number of solutions to support businesses and people affected by the COVID-19 epidemic. The content of the Resolution provides support solutions, including a solution to reduce CIT in 2021 and reduce VAT on some goods and services from November 1, 2021 to the end of December 31, 2021.<\/p>\n<p>In compliance with Resolution No. 406\/NQ-UBTVQH of the National Assembly Standing Committee, on October 27, 2021, the Government issued Decree No.92\/2021\/ND-CP, which contains guidance on reducing CIT in year 2021 and reducing VAT from November 1, 2021 to the end of December 31, 2021, as follows:<\/p>\n<p><strong>CIT reduction in 2021:<\/strong><\/p>\n<p>30% reduction of paying corporate income tax of the 2021 tax period for the case that the enterprise has a turnover in the 2021 tax period not exceeding VND 200 billion and the turnover in the 2021 tax period is lower than with revenue in the 2019 tax period.<\/p>\n<p>The criterion that the revenue in the 2021 tax period does not apply to the case of a newly established enterprise, merged, divided, split in the tax period of 2020 and 2021.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-6309 size-full\" src=\"http:\/\/ffa.ntt.edu.vn\/wp-content\/uploads\/2021\/12\/Picture1.jpg\" alt=\"\" width=\"624\" height=\"356\" srcset=\"https:\/\/ffa.ntt.edu.vn\/wp-content\/uploads\/2021\/12\/Picture1.jpg 624w, https:\/\/ffa.ntt.edu.vn\/wp-content\/uploads\/2021\/12\/Picture1-500x285.jpg 500w\" sizes=\"auto, (max-width: 624px) 100vw, 624px\" \/><\/p>\n<p style=\"text-align: center;\"><em>Water transport services are eligible for VAT reduction from November 1, 2021 to December 31, 2021<\/em><br \/>\n<em>(Image: https:\/\/khanhhalogistics.com\/)<\/em><\/p>\n<p><strong>\u00a0<\/strong><strong>VAT reduction for the following goods and services:<\/strong><\/p>\n<ul>\n<li>Transportation services (rail transport, water transport, air transport, other road transport); Lodging; Food Service; services of travel agencies, tour operators and support services, related to the promotion and organization of tours;<\/li>\n<li>Publishing products and services; cinematographic services, television program production, sound recording and music publishing; artwork and creative, artistic, entertainment services; services of libraries, archives, museums and other cultural activities; sports, entertainment and entertainment services. Goods and services in group (ii) do not include publishing software and goods and services produced and traded in the online form.<\/li>\n<\/ul>\n<p>Depending on the tax calculation method, the value-added tax reduction is applied as follows:<\/p>\n<ol>\n<li>Enterprises and organizations that calculate value-added tax by the credit method of production and trading of goods and services specified in this Clause are entitled to a reduction of 30% of the value-added tax rate.&lt;\/li &gt;<\/li>\n<li>Enterprises and organizations that calculate value-added tax according to the percentage method on the turnover of production and trading of goods and services specified in this Clause are entitled to a 30% reduction of the percentage rate for calculating value tax. value added.<\/li>\n<\/ol>\n<p>In order to help businesses and individuals fully grasp information, the Tax Department of Ho Chi Minh City has developed an informational video clip on CIT reduction in 2021 (<a href=\"https:\/\/www.youtube.com\/watch? v=zyuhI1mVLeU\" target=\"_blank\" rel=\"noopener\">https:\/\/www.youtube.com\/watch?v=zyuhI1mVLeU<\/a>), VAT reduction (<a href=\"https:\/\/www.youtube.com\/watch?v=TWU8y_jc1Vg) \" target=\"_blank\" rel=\"noopener\">https:\/\/www.youtube.com\/watch?v=TWU8y_jc1Vg<\/a>), shared on Youtube.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Resolution No. 406\/NQ-UBTVQH of the National Assembly Standing Committee issued on October 19, 2021 on a number of solutions to support businesses and people affected by the COVID-19 epidemic. The content of the Resolution provides support solutions, including a solution to reduce CIT in 2021 and reduce VAT on some goods and services&#8230;<\/p>\n","protected":false},"author":9,"featured_media":6310,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[114,64],"tags":[],"class_list":["post-6312","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-doanh-nghiep-en","category-news"],"_links":{"self":[{"href":"https:\/\/ffa.ntt.edu.vn\/en\/wp-json\/wp\/v2\/posts\/6312","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ffa.ntt.edu.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ffa.ntt.edu.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ffa.ntt.edu.vn\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/ffa.ntt.edu.vn\/en\/wp-json\/wp\/v2\/comments?post=6312"}],"version-history":[{"count":0,"href":"https:\/\/ffa.ntt.edu.vn\/en\/wp-json\/wp\/v2\/posts\/6312\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ffa.ntt.edu.vn\/en\/wp-json\/wp\/v2\/media\/6310"}],"wp:attachment":[{"href":"https:\/\/ffa.ntt.edu.vn\/en\/wp-json\/wp\/v2\/media?parent=6312"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ffa.ntt.edu.vn\/en\/wp-json\/wp\/v2\/categories?post=6312"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ffa.ntt.edu.vn\/en\/wp-json\/wp\/v2\/tags?post=6312"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}