- Reduced 8% value added tax rate for most goods and services in Vietnam for the second half of 2024
- Applies to goods and services currently subject to the 10% VAT rate
- Applies to all stages including imports, manufacturing, processing, and trading
- Effective from July 1, 2024, until December 31, 2024
Source: kpmg.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"
- Livestock Feed Businesses Exempt from VAT Must Still File VAT Declarations from 2026
- VAT Declaration and Payment Schedules Based on Annual Revenue Thresholds for Households and Businesses
- Vietnam VAT Refunds: Buyers No Longer Dependent on Seller Declarations Under 2025 Law Amendments
- Guidelines for VAT and Personal Income Tax Filing for Business Households and Individuals
- Guidance on 0% VAT Rate for Exported Goods and Bonded Warehouse Transactions in Vietnam
