- VAT rate reduced to 8% from 10% for specified goods and services
- Reduction applies to telecommunications, financial activities, banking, securities, insurance, real estate, metals, mining products, special consumption tax items, and specified IT services
- Businesses using deduction method can apply 8% rate
- Business households and individual businesses get 20% reduction in VAT calculation rate
- Decree effective from July 1 to Dec. 31
Source: news.bloombergtax.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"
- Basis for Applying 8% or 10% VAT Rates According to Decree 174/2025/NĐ-CP
- New VAT Law Creates Cash Flow Crisis for Vietnamese Agricultural Exporters
- Vietnam’s 2025 VAT Refund Eligibility: Key Criteria and New Regulations Explained
- Vietnam Announces Temporary VAT Reduction to 8% for Key Sectors Until December 2024
- Guidelines for Handling VAT After Provincial Merger in Vietnam (2022-2025)