Proposed VAT rule pros and cons for digital products

Proposed VAT rule pros and cons for digital products

In alignment with the current 10-year socioeconomic development strategy in Vietnam, the draft amended VAT law is currently being developed by the Ministry of Finance, which is seeking input from businesses and business associations to finalise the draft in the near future.
Still no VAT hike proposal to aid business development

Still no VAT hike proposal to aid business development

The amended VAT Law is set to be submitted for approval next month with new content, yet the common tax rate is still proposed at 10 per cent to help businesses through current turbulent times.