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vat cuts

Update news vat cuts

Businesses and people expect VAT cut extension to be approved
Vietnamnet global

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.

Legislators mull over 2% VAT reduction
Vietnamnet global

Legislators mull over 2% VAT reduction

Lawmakers discussed the reduction of value-added tax (VAT) during the 15th National Assembly (NA)’s ongoing sixth session in Hanoi on November 20.

VAT cut may put pressure on state budget: Finance Ministry
Vietnamnet global

VAT cut may put pressure on state budget: Finance Ministry

Minister of Finance Ho Duc Phoc says the 2 percent VAT cut will not be applied to some business fields, including securities, banking and finance, explaining that if it was applied to all fields, this would put pressure on the state budget.

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

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...