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VAT Reduction in Vietnam from 10 to 8 Percent Expected After Government Approval

The VAT reduction could see the cost of most goods come down by two percent. However, it is usually at the discretion of the business to decide whether to pass these savings on to the end consumer.

The VAT tax reduction proposed by the Ministry of Finance, still needs to be approved by the National Assembly. With the support of the government, however, it is likely to succeed.

Source: vietnam-briefing.com

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