-
Vietnam’s National Assembly approved the continuation of the 2% VAT reduction, initially introduced in 2022, now extended through December 2026 to support economic recovery and consumption.
-
The VAT cut now includes transportation, logistics, and IT services, in addition to sectors like tourism, education, agriculture, and catering. Exclusions apply to mining, real estate, and financial services.
-
Businesses using VAT deduction must clearly state the 8% rate on invoices. For mixed-rate goods or services, each applicable VAT rate must be separately itemized for accurate tax reporting.
Source: vatcalc.com
