- Vietnam’s Ministry of Finance is considering extending a 2 percent VAT reduction.
- The standard rate would be reduced from 10 percent to 8 percent for certain industries.
- The current reduction is set to expire on July 1, 2025.
- The reduction was initially implemented in 2024.
Source: vatcalc.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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