- Ministry of Finance proposed extension of VAT reduction until 31 December 2014
- Draft Resolution on VAT Reduction published on 21 May 2024 for public feedback
- Proposed reduction of 2% VAT from 01 July 2024 to 31 December 2024
- VAT rate of 8% to be applied to goods and services subject to 10% VAT
- Exclusions from reduced VAT rate include telecommunications, information technology, banking, finance, securities, insurance, real estate, metals, mining, chemicals, and products subject to excise tax.
Source: dentonsluatviet.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
