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value added tax
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.
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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.
Vietnam cuts VAT to 8% till year end
The Government on June 30 issued a decree regulating a reduction in value-added tax (VAT) on goods and services from July 1 to December 31, in accordance with Resolution 142/2024/QH15 adopted by the National Assembly on June 29.
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.
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.
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