Monday, 25/11/2024

VAT

VAT reduction should continue until mid-2025: Ministry

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.