- VAT rate reduced from 10% to 8% for specified goods and services in Vietnam
- Key sectors affected include telecommunications, financial activities, banking, securities, insurance, real estate business, metals, mining products, and IT services
- Different VAT calculation methods for business establishments and business households/individual businesses
- Decree effective from July 1, 2024, until December 31, 2024
Source: globalvatcompliance.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.
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