Finance ministry proposes 2% VAT reduction for first half of 2025
The policy aimed at supporting businesses and stimulating the economy.
Topic: VAT reduction
NA agrees 2% VAT reduction from July 1
The incentive lasting through December 31, 2024.
VAT reduction is to be extended to year's end
The decision was made by the NA Standing Committee on June 13.
NA agrees to 2% VAT reduction in 1H 2024
The cost to the State budget has been estimated at over $1 billion.
Government plans to extend VAT cut into 2024
Cut of 2% aimed at helping businesses overcome the ongoing difficulties and will be extended to the middle of next year.
2% VAT reduction in effect from July 1
Policy aimed at supporting businesses and individuals and boosting consumption.
NA agrees to further 2% cut to VAT
Latest reduction in place until December 31, 2023.
Vietnam should maintain fiscal support into 2023
Businesses, individuals, and the economy in general still face a host of difficulties and challenges and continued support is warranted.