- Vietnam has reduced its value-added tax (VAT) rate from 10% to 8%
- The reduction is effective from July 1, 2024, until December 31, 2024
- The VAT reduction excludes certain sectors such as telecommunications, finance, banking, security, insurance, real estate, certain chemicals, and goods subject to special consumption tax
- The reduction applies to import, export, production, and trade activities.
Source: wam.ae
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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