- Businesses facing difficulties in claiming goods eligible for government’s 2% tax cut
- Support programme offers 8% VAT rate for certain goods post-COVID-19
- Economists and industry leaders call for extension of support programme
- Implementation challenging due to classification issues for goods and services
- Businesses unsure which products and services are eligible for tax cut
- Compliance and transparency in financial data necessary for businesses
- Programme helps relieve pressure on struggling businesses post-COVID-19
- Classifying and issuing financial invoices for products and services becoming complicated
- Economic policies should be linked to business development and stability
- Difficulties in determining VAT rate leading to hiring extra accountants and contract disputes
- Chamber suggests bringing VAT rate down to 8% across the board.
Source: vietnamnet.vn
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.
