Monday, 23/12/2024

reduction

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.

VAT reduction should continue until mid-2025: Ministry

The tax cut is useful in stimulating consumer demand, in addition, it also helps businesses recover and plan for their next growth phase.
NA Standing Committee agrees on VAT reduction until year's end

Legislators have agreed to continue with the 2% value-added tax cut for certain goods and services from July 1 to the end of the year.