VATupdate

Share this post on

Government Proposes National Assembly Consider 2% Reduction in VAT in Coming Agenda

The Government has proposed the National Assembly (NA) to consider a 2% reduction in the value-added tax (VAT) on goods and services subject to a 10% VAT during its coming meeting stated to start on May 22.

The Ministry of Finance and Ministry of Justice were asked to complete the proposed draft resolution.

Last month, the Government agreed with the Ministry of Finance’s proposal on a plan to reduce taxes, fees, and charges for 2023, which suggested the reduction.

Source: en.vietnamplus.vn

Sponsors:

VAT news

Advertisements:

  • VATupdate.com