-
Vietnam’s VAT cut excludes key sectors such as telecommunications, banking, insurance, real estate, mining (excluding coal), and goods under special consumption tax, maintaining revenue protection for high-value industries.
-
The ongoing 2% VAT reduction, aimed at post-COVID recovery, is projected to reduce state budget revenues by VND39.54 trillion in H2 2025 and VND82.2 trillion in 2026.
Source: baochinhphu.vn
Latest Posts in "Vietnam"
- Vietnam’s New Tax Compliance Rules for E-Commerce and Digital Platforms Effective July 2025
- Vietnam Updates VAT Regulations: New Decree Clarifies Exemptions, Rates, and Refund Conditions
- Vietnam Amends VAT Law: New Decree on Taxable Goods, Rates, and Refunds Effective July 1
- Criteria for Determining VAT Reduction Eligibility for Fireproof Steel Doors in Vietnam
- Taxable and Non-Taxable VAT Subjects from July 1, 2025: New Regulations Explained