mof proposes 2 per cent vat reduction until mid 2024

MoF proposes 2 per cent VAT reduction until mid-2024

The Ministry of Finance (MoF) has recommended reducing VAT by 2 per cent for the first six months of 2024 on some groups of goods and services that are currently subject to the 10 per cent rate.
2 per cent reduction in vat to boost aggregate demand

2 per cent reduction in VAT to boost aggregate demand

The 2 per cent reduction in VAT is hoped to affect aggregate demand significantly, effectively doping the economy amidst the current slowdown.
vat refund delays cause fear of bad debt for wood groups

VAT refund delays cause fear of bad debt for wood groups

As VAT refunds represent a crucial part of the cash flow of timber processors, the current delay is throwing a wrench in the operations of woodchip, furniture, and other timber-based producers, leading related associations to call for easier regulations.
national assembly to cut at least 2 per cent of vat for certain goods and services

National Assembly to cut at least 2 per cent of VAT for certain goods and services

The National Assembly approved to decrease VAT by 2-8 per cent this year, applied on certain goods and services currently taxed with 10 per cent.
barriers to lending rates and vat refunds in bot projects soon to be resolved

Barriers to lending rates and VAT refunds in BOT projects soon to be resolved

Investors of build-operate-transfer projects are expected to rejoice over upcoming solutions related to issues surrounding lending rates and VAT refunds in August, enabling them to make the next steps.
low vat rates in vietnam benefit the rich more than the poor wb

Low VAT rates in Vietnam benefit the rich more than the poor: WB

Despite widespread public opposition to raising VAT rates, a World Bank chief economist argues otherwise.
vietnam adds 5 more exit terminals for vat refunds to foreigners

Vietnam adds 5 more exit terminals for VAT refunds to foreigners

Foreign visitors are now able to claim VAT refunds for goods they have purchased in Vietnam when leaving the country through seven border gates instead of only two as before, according to a fiat from the Prime Minister that took effect Tuesday.
vietnam mulls issuing vat refunds to foreigners at more exit terminals

Vietnam mulls issuing VAT refunds to foreigners at more exit terminals

The Ministry of Finance is seeking government approval for a new circular to give VAT refunds to foreigners who leave Vietnam through many other airports and seaports rather than just the two largest terminals in the country as at present.
vbf tax customs working group proposes zero vat treatment for fies

VBF Tax & Customs Working Group proposes zero VAT treatment for FIEs

As many foreign-invested enterprises (FIE) face difficulties in completing procedures for applying zero VAT rates to their exported services due to unclear regulations, the Vietnam Business Forum's (VBF) Tax & Customs Working Group on February 18 proposed zero VAT treatments for these entities as well as more understandable conditions.
leaders question validity of short term vat fix to support business community

Leaders question validity of short-term VAT fix to support business community

With the National Assembly set to reduce VAT from 10 to 8 per cent for six months from July 1, some of its deputies argue that the tax cut should be bigger and last longer to support individuals and businesses in the current difficult times.
vietnam waives import duties and vat for vital products amid covid 19 fight

Vietnam waives import duties and VAT for vital products amid COVID-19 fight

The government has published a decision to temporarily suspend import duties and VAT on goods amid the fight against COVID-19.
cam ranh airport to refund vat to foreigners leaving vietnam from jan 6

Cam Ranh airport to refund VAT to foreigners leaving Vietnam from Jan 6

Cam Ranh International Airport in the south-central province of Khanh Hoa will officially open its VAT refund booth for foreigners next week, six months after it received approval from the Prime Minister to do so.
government proposes national assembly consider 2 per cent reduction in vat in coming agenda

Government proposes National Assembly consider 2 per cent reduction in VAT in coming agenda

The Government has proposed the National Assembly (NA) to consider a 2 per cent reduction in the value-added tax (VAT) on goods and services subject to a 10 per cent VAT during its coming meeting stated to start on May 22.