Vietnam’s parliament on Wednesday decided to further extend a reduction in value-added tax (VAT) on goods and services until the end of June 2024.
The VAT cut to 8% from 10%, which has been in place since early 2022, was designed to boost domestic consumption and production as the Southeast Asian country’s export-driven economy faces headwinds from slowing global demand.
Source: Reuters
Latest Posts in "Vietnam"
- 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
- Important Notes on VAT Deduction and Invoicing for Deferred Payments and Gifts
