Thursday, 7/11/2024

value added tax

Vietnam cuts VAT to 8% till year end

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.

Legislators mull over 2% VAT reduction

The Government suggested that drastic and effective support measures related to taxes, fees, charges, and land rents that have been issued in 2023 should continue.