Government’s approval for five groups of policies to be amended in the Law on VAT

The Government approves for five groups of policies to be amended in the Law on VAT

On 29 July 2023, the Government issued Resolution 115/NQ-CP on the thematic meeting session on law-making in July 2023. At this meeting, the Government focused on discussing the proposal to develop and amend a series of tax policies, in which the Government agreed on completing regulations for 5 groups of policies below for amending the VAT Law:

1. Objects not subject to VAT
2. Prices for calculating VAT
3. VAT rates
4. Input VAT deductions
5. VAT refunds

Source vietnam.accline.com