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"
- VAT Application on Agricultural Products Used as Animal Feed: Exemption or Applicable Tax Rates?
- VAT Deductibility for Gifts and Scrap Sales in Vietnam: Rules for Mixed and Tax-Exempt Activities
- Can Input VAT Be Deducted for Goods Given as Gifts or Bonuses?
- Is Late Payment Still Eligible for Input VAT Deduction? Maximum Allowable Delay Period?
- No VAT or Invoice Required for Collections and Payments on Behalf of State Agencies
