On May 24, 2024, the General Department of Taxation issued Official Letter 2203/TCT-CS on Value Added Tax (VAT) policy.
Pursuant to the provisions of Decree No. 44/2023/ND-CP stipulating tax exemption and reduction policies, the item "wires and cables for electrolysis transmission in group 27320" is not subject to VAT tax rate reduction from 10 % down to 8% from July 1, 2023 to December 31, 2023.
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