The Ministry of Finance has proposed a policy to reduce value-added tax (VAT) by 2% in the first 6 months of 2024. The total tax amount reduced by about VND 25,000 billion. Manufacturing industries are prioritized to reduce VAT to stimulate people to increase the use and consumption of goods. Experts said that this policy will contribute to empowering people and businesses to overcome difficulties.
Source: hanamtv.vn
Latest Posts in "Vietnam"
- Strengthening Electronic Invoice Management in Vietnam: Enforcement, Technology, and Compliance to Prevent Fraud
- Vietnam Amends VAT Law: Higher Exemption Thresholds, Refund Reforms, and Major Benefits for Agriculture
- New Regulations on VAT-Exempt Entities under Decree 359/2025/NĐ-CP
- Electronic Invoices: New Digital Tactics in Tax Fraud and State Revenue Loss Prevention Challenges
- Experts Divided Over $40,000 vs $120,000 E-Invoice Threshold for Vietnamese Businesses













