- The National Assembly issued Resolution 204/2025/QH15 to reduce value-added tax
- The resolution is effective from July 1, 2025, to December 31, 2026
- A 2 percent reduction in value-added tax applies to certain goods and services, reducing the rate to 8 percent
- Exclusions include telecommunications, financial activities, banking, securities, insurance, real estate, metal products, mining products except coal, and goods and services subject to special consumption tax except gasoline
- The government is tasked with detailing the implementation of this resolution
Source: baochinhphu.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.
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