- The extension of tax reduction policies is crucial for citizens and helps businesses manage costs and cash flow.
- A 2 percent reduction in VAT is an effective macroeconomic fiscal policy benefiting labor-intensive sectors and small to medium enterprises.
- The VAT reduction leads to stable product prices for consumers and benefits citizens through reduced VAT on purchases.
- The draft resolution presented at the 9th session of the 15th National Assembly proposes a 2 percent VAT reduction for certain goods and services, excluding sectors like telecommunications, finance, banking, and others.
- The VAT reduction is set to apply from July 1, 2025, to December 31, 2026.
Source: media.chinhphu.vn
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.
