- Prime Minister Pham Minh Chinh directed the Ministry of Finance to research and propose extending the 2% VAT reduction for the last 6 months of 2025 and into 2026, with a report due by March 15, 2025.
- The extension aims to reduce administrative procedures, improve the business environment, and promote socio-economic development, including drafting decrees to extend tax payment deadlines.
- The current 2% VAT reduction, effective from January 1 to June 30, 2025, excludes certain sectors like telecommunications, IT, finance, and real estate
Source
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