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Vietnam Extends 2% VAT Cut Through 2026: Resolution No. 204/2025/QH15 reduces the VAT rate from 10% to 8% until December 31, 2026, to stimulate production and support economic recovery.
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Expanded Eligibility for VAT Reduction: The 2% VAT cut applies to goods and services listed in VAT Law No. 48/2024/QH15, excluding sectors like finance, real estate, and special consumption goods such as telecommunications and insurance.
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Wider Scope of Beneficiaries: Compared to previous resolutions, more industries—such as transportation, logistics, IT, and general goods—qualify for the VAT cut, with implementation running from July 1, 2025, to year-end 2026.
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