Decree 15/2022 guiding the 2% VAT rate cut in 2022 and tax deductibility of COVID-19 sponsor expenses
07 February, 2022
Following our NewsBrief on 12 January regarding the 2% VAT reduction applicable for 2022 under the National Assembly’s Resolution on fiscal and monetary policies to support the Socio-Economic Development and Recovery Program, the Government has just released Decree 15/2022 on 28 January providing guidance on the 2% VAT reduction, which took effect from 1 February 2022.
In addition, there is also guidance on the tax deductibility of support expenses for COVID-19 prevention.
