On June 24, the National Assembly of Vietnam approved a value-added tax (VAT) reduction of 2% (from 10% to 8%) from July 1 to December 31, 2023. This VAT cut will be applied to goods & services currently subject to 10% VAT, with the exception of telecommunications, information technology, financial activities, banking activities, securities, insurance, trading of real estate, metals, precast metal products, mining products (excluding coal mining), coke mining, refined oil, chemical products, and goods & services subject to excise tax.

Powered by Froala Editor