The Government currently applies price controls on various goods and services, including the definition, registration, declaration, and listing of prices. Therefore, when the VAT reduction from the curent rate of 10% to 8% takes effect on July 1, 2023, followed by an increase to 10% on January 1, 2024, the adjustment in VAT would affect the implementation of price control measures.
Source: vietreader.com
Latest Posts in "Vietnam"
- Decree 310: Tiered Penalties for Incorrect or Missing Invoices Based on Violation Scope
- Vietnam Confirms VAT Exemption, Proposes 0.1% Transfer Tax on Cryptoassets in New Draft Rules
- Key Changes to Vietnam VAT Law 2026: Higher Exemption Thresholds, New Deductions, Refund Rules
- Vietnam Amends VAT Law: Higher Exemption Threshold, Easier Refunds, and Support for Agriculture
- Vietnam’s 2026 Tax Reforms: Key Changes to VAT, PIT, and Tax Administration Laws
