Monday, 23/12/2024

extension

VAT cut by 2% to continue from January to June 2025

VAT cut by 2% to continue from January to June 2025

The 15th National Assembly approved an extension of the 2% value-added tax (VAT) reduction. The extended policy will be effective from January 1, 2025 to June 30, 2025.

Legislators propose extension of VAT rate cut

Some legislators on May 25 proposed the 2% reduction in value-added tax (VAT) under a resolution of the National Assembly (NA) be extended to continue supporting the country's socio-economic recovery and development.