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VAT cut

MoF seeks feedback on VAT cut plan to boost economy

MoF seeks feedback on VAT cut plan to boost economy

The proposal suggests extending the 2 per cent VAT reduction from July 1, 2025, until the end of 2026, for certain goods and services currently taxed at 10 per cent, lowering them to 8 per cent.
Businesses face difficulties in declaring goods eligible for VAT cut

Businesses face difficulties in declaring goods eligible for VAT cut

Businesses have been facing many difficulties in claiming goods eligible for the government''s two per cent tax cut, said Đậu Anh Tuấn, deputy secretary-general of the Vietnam Chamber of Commerce and Industry (VCCI) and head of its legal department.
Businesses and people expect VAT cut extension to be approved

Businesses and people expect VAT cut extension to be approved

The VAT reduction from 10 per cent to 8 per cent is being implemented according to Resolution 110/2023/QH15, from January 1 to June 30, 2024. 
Government proposes extending VAT cut until year end

Government proposes extending VAT cut until year end

The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.
Credit institutions expect to enjoy 2 per cent VAT cut next year

Credit institutions expect to enjoy 2 per cent VAT cut next year

The VNBA made the move last week as, under a draft policy on VAT reduction for the first six months of next year, the credit institutions do not feature in the list of commodities and services that will receive the...
Heated debate on VAT cut bill

Heated debate on VAT cut bill

State Budget would lose VND35 trillion (US$1.5 billion) in the last six months of 2023 should the bill pass in the NA.
VAT cut boosts economy

VAT cut boosts economy

The reduction of value added tax (VAT) from 10 to 8 per cent will help stimulate various sectors in the economy.