The government is considering a VND21.3 trillion ($932.66 million) tax break, including value-added and corporate income tax, to boost economic recovery after the fourth Covid-19 wave.
The VAT reduction applies to transportation, accommodation, services provided by travel agencies and tour operators, publishing, cinematography, television program production, etc with the exclusion of online traded goods and services.
Source Vietnam Insider
Latest Posts in "Vietnam"
- New VAT Law Creates Cash Flow Crisis for Vietnamese Agricultural Exporters
- Vietnam’s 2025 VAT Refund Eligibility: Key Criteria and New Regulations Explained
- Vietnam Announces Temporary VAT Reduction to 8% for Key Sectors Until December 2024
- Guidelines for Handling VAT After Provincial Merger in Vietnam (2022-2025)
- Determining Product Groups Eligible for VAT Reduction Under Decree 174/2025/NĐ-CP
