- Reduced 8% value added tax rate for most goods and services in Vietnam for the second half of 2024
- Applies to goods and services currently subject to the 10% VAT rate
- Applies to all stages including imports, manufacturing, processing, and trading
- Effective from July 1, 2024, until December 31, 2024
Source: kpmg.com
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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