The tax reduction would help lower prices of goods and services which would stimulate shopping.
It was estimated that every one per cent reduction in VAT could promote consumption equivalent to 0.2 per cent of gross domestic product, according to the ministry.
Source: thestar.com.my
Latest Posts in "Vietnam"
- Decree 310: Tiered Penalties for Incorrect or Missing Invoices Based on Violation Scope
- Vietnam Confirms VAT Exemption, Proposes 0.1% Transfer Tax on Cryptoassets in New Draft Rules
- Key Changes to Vietnam VAT Law 2026: Higher Exemption Thresholds, New Deductions, Refund Rules
- Vietnam Amends VAT Law: Higher Exemption Threshold, Easier Refunds, and Support for Agriculture
- Vietnam’s 2026 Tax Reforms: Key Changes to VAT, PIT, and Tax Administration Laws
