Government proposes 2% VAT reduction until the end of 2026
The policy recommended for selected goods and services currently taxed at 10%.
Topic: VAT
Government proposes to exend VAT reduction until 2026's end
Under the new proposal, more goods and services such as information technology, coke, oil and gas are subject to VAT reduction policy.
VAT refunds worth $1.12 bln in Q1
Export activities accounting for the largest share.
VAT exemption will not be applicable to low-value imports sent via express delivery services
Subjecting goods valued at less than $39.4 to a 10% VAT rate could increase State budget revenue by over $106 million.
Government proposes 2% VAT cut for first half of 2025
Incentive aimed at supporting business and production activities.
NA adopts amended Law on VAT
Individuals and organizations now subject to VAT if their annual revenue exceeds VND200 million ($7,840).
Finance ministry proposes 2% VAT reduction for first half of 2025
The policy aimed at supporting businesses and stimulating the economy.
NA agrees 2% VAT reduction from July 1
The incentive lasting through December 31, 2024.
Vietnam's Ministry of Finance Proposes VAT Reduction to Bolster Economic Recovery
Amidst the enduring challenges of the Covid-19 pandemic, Vietnam's Ministry of Finance unveils proposals to alleviate economic strains through targeted VAT reductions. As businesses navigate the path to recovery, policymakers seek a delicate balance between stimulating economic growth and ensuring fiscal stability.
Government agrees to VAT cut of 2% in 1H 2024
Reductions to take effect from January 1 until June 30.