The Government currently applies price controls on various goods and services, including the definition, registration, declaration, and listing of prices. Therefore, when the VAT reduction from the curent rate of 10% to 8% takes effect on July 1, 2023, followed by an increase to 10% on January 1, 2024, the adjustment in VAT would affect the implementation of price control measures.
Source: vietreader.com
Latest Posts in "Vietnam"
- Vietnam Revises Tax Rules: Small Businesses Get Exemptions, New Declaration Method from 2026
- Proposal to Exempt Environmental, VAT, and Excise Taxes on Fuel Until June 30, 2026
- Vietnam Slashes Fuel Taxes to 0% Amid Strait of Hormuz Tensions to Protect Economy
- Temporary Tax Exemptions on Fuel and Jet Fuel for National Interest from March 26 to April 15, 2026
- Prime Minister Signs Decisions on Fuel Tax Cuts, Online Child Protection, and Ethnic Minority Cadre Development
