The Vietnamese Ministry of Finance is proposing amendments to the VAT Law, including increasing the revenue threshold for VAT-exempt sales, applying a 5% VAT rate on specific goods, proposing specific categories of goods not subject to zero percent VAT, amending regulations on input VAT deductions and refunds, narrowing specific categories exempt from VAT, specifying export services eligible for zero percent VAT, introducing rules for determining VAT, and repealing provisions regulating invoices and documents.
Source GlobalVATcompliance
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