Impact of Proposed VAT Increase on Vietnam’s Cultural Sector: NA Committee Member’s Perspective

• Draft Revised Law on Value-Added Tax proposing an increase in VAT rate on goods and services in cultural sector from 5 to 10 per cent
• Scheduled for a vote in National Assembly on November 26
• Seen as a blow to Việt Nam’s cultural scene by NA committee member

Source: vietnamnews.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.