Tuesday, 7/1/2025

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tax 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.