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Vietnam Readies Another Sales Tax Cut to Prop up Flagging Economy

Vietnam is preparing to lower its value-added tax just four months after ending the previous round of cuts as stagnating exports weigh on the economy.

The proposal calls for lowering the VAT to 8% from 10% until the end of the year. The cuts would translate to 5.8 trillion dong ($247 million) in lost tax revenue each month.

Source: asia.nikkei.com

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