Vietnam COVID-19: a 30% VAT reduction would be provided for certain service sectors and relief from penalties for late payments arising in 2020 and 2021 for loss making companies 11 August 202141 views1 min read Source Orbitax Coronavirus Tax authorities / Penalties / Interest Vietnam MOF Announces 50% reduction in VAT on business activities for Q3 and Q4 and a 30% reduction in the VAT rate for various industries affected by the pandemic Vietnam Tax Guide 2021