VATupdate

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The VAT reduction from 10% to 8% may be implemented using two methods

Method 1: Reducing the VAT rateby 2% for all groups of goods andservices that is subjected to the10% tax rate; or- Method 2: Reducing the VAT rateby 2% for all groups of goodsand services that is subjected tothe 10% tax rate, except for thegroups of goods and servicesprovided in the Resolution43/2022/QH15 dated 11 January2022 of the National Assemblyon fiscal and monetary policiesto support the Socio-economicrecovery and developmentprogram.

Source: bdo.my

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