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"
- How to Invoice When VAT Reduction Applies?
- Vietnam Introduces Biometric Authentication for Electronic Invoice Registration
- Many Insurance Types Added to VAT-Exempt List from June 2026
- New Policies Take Effect Across Vietnam from June 2026
- Vietnam Expands E-Invoicing to Foreign Digital and E-Commerce Businesses
