According to Official Letter 14573/TCHQ-TXNK dated July 16, 2025, the General Department of Customs provides specific guidance on the value-added tax (VAT) policy applicable to basic chemicals and chemical products, as follows:
1. Prior to July 1, 2025:
According to Decree No. 180/2024/ND-CP dated December 31, 2024:
- Basic chemicals: VAT rate reduced from 10% to 8%.
- Chemical products: Not eligible for VAT reduction, still subject to the 10% VAT rate.
2. From July 1, 2025 to December 31, 2026:
According to Decree 174/2025/ND-CP dated June 30, 2025:
- Both basic chemicals and chemical products are eligible for VAT reduction to 8%.
(According to Official Letter 14573/TCHQ-TXNK dated July 16, 2025)
Relevant : Legal Analysis and Verification, Compliance Inspection, Cargo Clearance
📞 Contact UNI Customs Consulting for free consultation:
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