- Vietnam cuts VAT to 8% from 10% till the end of the year
- The VAT reduction is not applicable to certain services and products
- The decree also includes reductions in fees and charges for enterprises
- Reductions range from 10-50% for various fees and charges
- This is the fourth time the ministry has imposed fee reductions, with an estimated budgetary impact of about 700 billion VND
Source: en.vietnamplus.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.