- Companies expect the government to reduce VAT by 2 percent by the end of 2026
- The scope of goods and services eligible for VAT reduction is anticipated to expand
- This is expected to create development momentum
- Ha Tinh province saw a VAT reduction of 483 billion VND in the first half of the year
- Since early 2022, the National Assembly has resolved a 2 percent VAT reduction five times for certain goods and services
- The policy positively impacts production, distribution, and consumption activities
- It contributes to reducing input and output costs in economic activities
Source: vietnam.vn
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.
