Deputy Prime Minister Le Minh Concept agreed with the proposal of the Ministry of Finance to reduce VAT by 2% in the first 6 months of 2024. It is expected that this VAT reduction will cause a budget shortfall of about VND 25,000 billion.
Source: laodong.vn
Latest Posts in "Vietnam"
- Finance Ministry Proposes VAT Law Amendments to Unblock Trillions in Business Capital
- Vietnam Overhauls VAT and SCT Laws, Expands Exemptions, and Digitises Customs for 2025 Compliance
- Vietnam Updates VAT and Special Consumption Tax Laws to Boost Transparency and Business Compliance
- Boosting Revenue and Fairness: VAT Collection on Low-Value Goods via Express Delivery in Vietnam
- New VAT and Excise Tax Regulations: Key Changes and Impacts on Businesses in 2025
