On November 20, the government submitted the proposal for a 2 per cent VAT reduction for the first half of 2024 to the National Assembly (NA). This reduction will be applied to goods and services that are currently subject to a tax rate of 10 per cent. However, some experts have proposed extending the application period of the reduction until the end of 2024 and expanding the list of applicable items.
Source: vir.com.vn
Latest Posts in "Vietnam"
- Determining Product Groups Eligible for VAT Reduction Under Decree 174/2025/NĐ-CP
- Summary of Recent Legislative Updates on Tax Administration and Various Tax Policies as of August 2025
- New VAT Guidelines for Entities in Vietnam Start on July 1, 2025
- Vietnam and MERCOSUR FTA Negotiations: Expanding Market Access in Latin America
- Vietnam’s New Tax Compliance Rules for E-Commerce and Digital Platforms Effective July 2025
