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Vietnam Issues New VAT Rate for Imported Medical Equipment

In June 2021, Vietnam issued Circular No. 43/2021/TT-BTC (Circular 43) which implements a reduction in the value-added tax (VAT) rate for imported medical equipment from 10 percent to five percent. Circular 43 has come into force since August 1, 2021.

Source: aseanbriefing.com



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