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Update news value added tax
Vietnam’s Government slashed the value-added tax (VAT) rate from 10 to 8% earlier this month – a move that cost the State budget $2.2 billion but, along with other support, is expected to help boost the pandemic-hit economy.
Online B2C transactions to Europe will be subject to value added tax (VAT) from July 1, the Vietnam Trade Office in Belgium and European Union (EU) has said.
guyen Bich Lam, director general of the General Statistic Office, from the Ministry of Planning and Investment, speaks to Vietnam News Agency magazine Kinh te Viet Nam & The gioi on the true meaning of the concept of an unobserved economy.
VietNamNet Bridge – Returning overseas Vietnamese would have to satisfy stricter regulations to be exempt from import tax and value added tax on the cars and motorbikes they bring back home.
VietNamNet Bridge – The Ministry of Culture, Sports and Tourism has sent a request to the Prime Minister asking for a reduction of 50 percent on Value Added Tax and 50 percent on Income Tax for this year, to help businesses