Official Letter No. 4891/CT-CS dated November 5, 2025, issued by the Tax Department regarding value-added tax (VAT) policy

Regarding the determination of VAT reduction for construction activities under the provisions of Decree No. 15/2022/NĐ-CP, the Ministry of Finance has issued Official Letter No. 7460/BTC-TCT dated July 29, 2022, in response to the Ministry of Construction (attached for reference). Accordingly, in cases where construction and installation activities have the time of acceptance, handover of the works, work items, and completed quantities/volume of construction and installation,  determined from February 1, 2022, to December 31, 2022, regardless of whether payment has been received or not, such activities are eligible for VAT reduction in accordance with the provisions of Decree No. 15/2022/NĐ-CP.

Regarding the taxable price, the provisions under Clause 1, Article 7 of Circular No. 219/2013/TT-BTC shall apply.

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