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VAT reduction: impacts and problems in execution

Many convenience stores add the value-added tax to product prices, so consumers are not clear on the benefits. Recently, some tax departments in cities and provinces issued a document urging businesses to implement the VAT reduction policy.

.. confusion remains for goods handed over and services completed, before the effective date of the policy, but have not yet been invoiced due to waiting for debt settlement or due to the Tet holiday or other objective reasons, will those goods and services enjoy tax cut?

..hope the Ministry of Finance will soon issue a detailed guidance circular.

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