- The 2% VAT reduction will be extended until 30 June 2024.
- The VAT rate of 8% will be applied to goods and services currently subject to 10% VAT.
- The reduced VAT rate does not apply to telecommunications, information and technology, banking and finance activities, securities, insurance, real estate, metals, prefabricated metal products, coke, refined petroleum, chemical products, and products and services subject to excise tax.
Source: dentonsluatviet.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.
Latest Posts in "Vietnam"
- VAT Threshold for Household and Individual Businesses Raised to 500 Million VND from 2026
- VAT Refunds No Longer Dependent on Seller’s VAT Declaration and Payment for Input Invoices
- Strengthening Electronic Invoice Management in Vietnam: Enforcement, Technology, and Compliance to Prevent Fraud
- Vietnam Amends VAT Law: Higher Exemption Thresholds, Refund Reforms, and Major Benefits for Agriculture
- New Regulations on VAT-Exempt Entities under Decree 359/2025/NĐ-CP
