Official letter No. 25532/CTHN-TTHT dated June 3rd, 2022 of the Department of Taxation of Ha Noi city regarding value added tax (VAT) policy under Decree No. 15/2022/ND-CP and reduced land rents

According to opinions of the Department of Taxation of Ha Noi city, warehouse and yard lease services are the services of lease of non-residential houses and land on the List of services ineligible for 2% VAT reduction as prescribed at Appendix I of Decree No. 15/2022/ND-CP.

With regard to lend rents in 2021, if an enterprise has overpaid amount thanks to entitlement to reduction in land rents payable in 2021, the overpaid amount may be offset against the land rents payable next time.