- Vietnam’s National Assembly has approved a resolution to reduce the standard VAT rate from 10% to 8% from 11 July to 31 December 2023.
- The rate reduction was proposed in April 2023 to boost the economy and is expected to be similar to the VAT rate reduction in 2022, which excluded certain supplies.
Source Orbitax
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
