NA agrees 2% VAT reduction from July 1
The incentive lasting through December 31, 2024.
Topic: VAT reduction
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.