- Government issued Resolution 46/NQ-CP on March 8, 2025
- Ministry of Finance proposes a 2% VAT reduction from July 1, 2025, to December 31, 2026
- Proposal to be submitted to the National Assembly during its 9th Session
- Draft resolution available for public comment
- 2% VAT reduction applies to goods and services with a 10% VAT rate, with exceptions
- New categories eligible for reduction include IT services, prefabricated metal products, coal, coke, refined petroleum, chemical products, and gasoline
Source: pwc.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.
