Tags reduction of value added tax 2-per-cent VAT reduction extended to the end of June Monday, Dec 02, 2024 The National Assembly has approved an extended reduction of value added tax (VAT) from 10 per cent to 8 per cent until the end of June. VAT cut boosts economy Monday, Feb 14, 2022 The reduction of value added tax (VAT) from 10 to 8 per cent will help stimulate various sectors in the economy.