The Ministry of Finance proposes to reduce VAT by 2% in the first 6 months of 2024 for some groups of goods and services that are applying the tax rate of 10% (to 8%).
The 2% VAT reduction will encourage people to buy more goods. Thereby, this policy also supports businesses to sell more goods, stimulating production and business activities to be vibrant again.
Source: tuoitre.vn
Latest Posts in "Vietnam"
- Vietnam Proposes E-Invoicing Reforms for E-Commerce, Small Businesses, and High-Risk Taxpayers
- A Guide to Indirect Taxes in Vietnam: VAT, Special Consumption, Import, and Export Duties
- Tax Authorities to Audit Loss-Making and Low-Profit Enterprises in 2026 for Tax Compliance
- New VAT Refund Regulations for Goods Carried by Foreigners and Overseas Vietnamese Upon Exit
- China and Vietnam Sign Customs Cooperation Agreement to Combat Smuggling and Facilitate Trade
