Official Letter No. 8432/TCS3-QLDN2 dated October 03, 2025 issued by Tax Sub-Department No. 3 of Dong Nai Province regarding value-added tax reduction under Decree No. 174/2025/NĐ-CP, as follows:

by KMC Consulting Company Limited

In case the Company manufactures and processes products such as metal die-cut molds, wooden die-cut molds, mica die-cut molds, etc., the determination of value-added tax (VAT) reduction on the products sold shall be made as follows:

  • The Company shall check the products according to product codes, names, and descriptions under the Appendix issued together with Decision No. 43/2018/QĐ-TTg, and compare them with the List of goods and services ineligible for VAT reduction promulgated under Decree No. 174/2025/NĐ-CP. If the products fall under the List of goods and services issued together with Decree No. 174/2025/NĐ-CP, they shall not be entitled to VAT reduction.
  • The product codes as described by the enterprise are for reference only. The Company shall base on the actual products sold, along with product-related records and technical documents available at the enterprise, to determine VAT reduction in accordance with regulations.

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