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VAT reduction

Film companies want VAT cut, not an increase

Film companies want VAT cut, not an increase

Businesses in the film industry have proposed a reduction in the value added tax (VAT) from current 5 per cent to 3 per cent in order to promote the development of the industry.
VAT reduction of 2% for some goods and services expected to continue

VAT reduction of 2% for some goods and services expected to continue

The Ministry of Justice has been looking keeping the reduction in VAT until the end of year, following a draft resolution of the National Assembly on VAT reduction, chaired by Deputy Minister Trần Tiến Dũng.
2% VAT reduction policy extension in H1 2024 is necessary: NA committee

2% VAT reduction policy extension in H1 2024 is necessary: NA committee

Most members of the Finance and Budget Committee in the National Assembly (NA) concurred on the necessity to prolong the 2 percent VAT reduction policy into the first half of 2024.
NAs Finance and Budget Committee supports slashing VAT

NA's Finance and Budget Committee supports slashing VAT

The ministry suggested that the policy, expected to boost the economy, should be applied until December 31.
Government proposes National Assembly consider 2 per cent reduction in VAT in coming meeting

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

According to the Ministry of Finance, if VAT is reduced by 2 per cent for all goods and services within six months, the total tax reduction will be about VND35 trillion (US$1.5 billion) in support of people and businesses to...
Govt agrees with 2 per cent VAT reduction proposal

Gov’t agrees with 2 per cent VAT reduction proposal

Vietnamese Government has agreed in principle with the Ministry of Finance’s proposal of reducing value added tax (VAT) from 10 per cent to 8 per cent.
MoF proposes VAT reduction to 8% to boost economy

MoF proposes VAT reduction to 8% to boost economy

Businesses have been long asking for additional support from the government to help speed up economic recovery and to cope with recent difficulties.
VAT reduction: impacts and problems in execution

VAT reduction: impacts and problems in execution

Viet Nam’s Government slashed the value-added tax (VAT) rate from 10 to 8 per cent earlier this month – a move that cost the State budget VND49.4 trillion (US$2.2 billion) but, along with other support, is expected to help boost...
Businesses seek tax reduction to foster recovery after pandemic

Businesses seek tax reduction to foster recovery after pandemic

The COVID-19 pandemic is a huge challenge for businesses irrespective of sector and size in all regions and countries, including Viet Nam.
Economic experts confident on growth

Economic experts confident on growth

Experts suggested the Government continue to stabilise the macro economy and control inflation at a conference held yesterday by the State Bank of Viet Nam.