- Residents of apartment buildings in Hanoi have been paying a 10% value-added tax for services such as managing the building and parking fees.
- The management fees for apartment buildings are calculated based on the area of the apartment or other areas within the building.
- The real estate management services related to multi-functional apartment buildings are not eligible for the reduced 8% VAT rate.
- Parking management services fall under the category of “Transportation of goods warehousing” and are eligible for the 8% VAT rate.
- Due to lack of information, residents have been paying a 10% VAT rate for parking fees in the building’s basement.
- Some parking facilities in Hanoi and Ho Chi Minh City are eligible for the 8% VAT rate.
- A resident inquired about whether parking in the building’s basement qualifies for the 8% VAT rate and when this would be applicable.
- The tax department in Hanoi provided information on the implementation of VAT reduction policies according to government decrees.
Source: baochinhphu.vn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
