On March 23, 2022, the Ministry of Finance issued Official Letter No. 2688/BTC-TCT on value-added tax in Decree No. 15/2022/ND-CP. Accordingly, this Official Letter has detailed instructions on making invoices for the following specific cases:

1. In case a business establishment signs a service provision contract with a collection of money before or during service provision has issued an invoice at the time of collection before February 1, 2022, at the tax rate of 10% but Services completed during the period from February 1, 2022, to the end of December 31, 2022:
– For the amount billed before February 1, 2022, it is not eligible for discount policy VAT;
– For the remaining unpaid amount, invoiced from February 1, 2022, to the end of December 31, 2022, according to the provisions of law, the VAT reduction policy will be applied.

2. In case the business establishment provides goods and services subject to the tax rate of 10% in January 2022, it is not until February 2022 that the business establishment issues an invoice for the revenue from the sale of goods and services. The cases arising in January 2022 are in the case of making invoices at the wrong time and not being eligible for VAT reduction.

3. For invoices made before February 1, 2022, with the VAT rate of 10%, after February 1, 2022, there are errors that need to be adjusted in terms of goods, VAT, or payment. If the goods are returned, the adjusted invoice and the goods return invoice are made with the VAT rate of 10%.

4. For the provision of specific goods and services such as electricity, business establishments are entitled to VAT reduction according to regulations for invoices made from February 1, 2022, to the end of December 31, 2022.

This Official Letter takes effect from March 23, 2022.