- Vietnam Banks Association proposes a 2 percentage point cut in value-added tax for lenders in 1H 2024
- Banks are facing challenges with declining earnings and rising bad debt
- The government may extend the cut in value-added tax for companies by six months
- Vietnam plans to reduce the value-added tax to 8% from 10% starting July 1st
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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