Pursuant to Decree 72/2024/ND-CP as published on June 30, 2024, supplies of goods and services subject to the standard 10% VAT rate will continue to apply the temporary 8% standard VAT rate until December 31, 2024. The 2% VAT rate reduction, which was previously set to expire on June 30, 2024, has been extended by the Vietnamese Government.
Source Sovos
Click on the logo to visit the website
Join our Linkedin Group on ”VAT Rates – Legislative changes”, click HERE
Latest Posts in "Vietnam"
- Navigating Vietnam’s 10% VAT: Pricing, Profitability, and Compliance for Foreign Digital Service Providers
- Prime Minister Proposes Raising Tax Threshold for Household Businesses, Urges National Assembly Support
- VAT Compliance for Foreign Businesses in Vietnam: Key Pricing and Profitability Considerations
- Vietnam Proposes E-Invoicing Reforms for E-Commerce, Small Businesses, and High-Risk Taxpayers
- A Guide to Indirect Taxes in Vietnam: VAT, Special Consumption, Import, and Export Duties
