- Vietnam’s National Assembly has approved a resolution to reduce the standard VAT rate from 10% to 8% from 11 July to 31 December 2023.
- The rate reduction was proposed in April 2023 to boost the economy and is expected to be similar to the VAT rate reduction in 2022, which excluded certain supplies.
Source Orbitax
Latest Posts in "Vietnam"
- Vietnam Expands E-Invoicing to Foreign Digital and E-Commerce Businesses
- Vietnam Expands E-Invoicing Rules to Non-Resident Digital Service Providers from July 2026
- Vietnam Amends VAT Rules on Non-Taxable Goods, Input Credit, and Deferred Payments
- Ninh Binh Tax Guidance on Deductible Expenses for Unpaid Purchases
- Vietnam Expands E-Invoicing to Foreign E-Commerce and Digital Platform Operators
