- Vietnam’s Ministry of Finance is planning to reduce the VAT rate from 10% to 8% for certain goods and services in the second half of 2024
- This reduction is similar to a previous VAT reduction that was in effect from January to June 2024
- The reduction will apply to goods and services that are typically subject to the standard rate of VAT
Source: orbitax.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"
- Vietnam’s New Tax Compliance Rules for E-Commerce and Digital Platforms Effective July 2025
- Vietnam Updates VAT Regulations: New Decree Clarifies Exemptions, Rates, and Refund Conditions
- Vietnam Amends VAT Law: New Decree on Taxable Goods, Rates, and Refunds Effective July 1
- Criteria for Determining VAT Reduction Eligibility for Fireproof Steel Doors in Vietnam
- Taxable and Non-Taxable VAT Subjects from July 1, 2025: New Regulations Explained
