- 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.
