VAT rate cut to continue into 2025

VAT rate cut to continue into 2025

The business community is poised to benefit from the continuation of a 2 per cent VAT rate reduction until the end of June next year, as part of the government’s ongoing efforts to assist businesses facing severe economic challenges and to stimulate the economy.
Rise in consumption likely with VAT accord

Rise in consumption likely with VAT accord

The National Assembly has extended the current VAT rate until the middle of next year as part of the country’s efforts to assist its enterprises and stimulate consumption.
VAT reduction: impacts and problems in implementation

VAT reduction: impacts and problems in implementation

Vietnam’s Government slashed the value-added tax (VAT) rate from 10 to 8 percent earlier this month – a move that cost the State budget 49.4 trillion VND (2.2 billion USD) but, along with other support, is expected to help boost the pandemic-hit economy.
Wait goes on for medical VAT clarity

Wait goes on for medical VAT clarity

International importers of medical devices into Vietnam are urging for an end to the legal impasse that has been blocking them from enjoying a 5 per cent VAT rate.

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