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VAT rate reduction according to Decree No. 15/2022/ND-CP has ended

Decree No. 15/2022/ND-CP (Decree 15), which last year reduced the VAT rate from 10% down to 8% for certain goods and services in Vietnam, expired on 31 December 2022. This means that, from 1 January 2023, the VAT has returned to a rate of 10%.

Source: ecovis.com



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