The Government has issued Resolution 72 on May 6, 5 on the draft Resolution of the National Assembly on reducing value-added tax (VAT). Accordingly, the Government agreed with the proposal of the Ministry of Finance to reduce VAT from 2023% to 10% for groups of goods and services applying the tax rate of 8%, then submitted it to the National Assembly for approval. The application period is from 10-1 to 7-31.
- Empowering businesses and people
- Need to ensure consumers benefit
- VAT reduction needs to be extended through 2024
Source: plo.vn
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