Extension of Reduced VAT Rate in Vietnam until June 2024: Tax Alert

• The reduced 8% VAT rate has been extended until 30 June 2024.
• The extension was approved by the Vietnam National Assembly.
• The scope of the VAT reduction remains the same as in 2023.
• Certain sectors are excluded from the VAT reduction.
• Implementation guidance remains similar to previous VAT reduction.

Source: dfdl.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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