VATupdate

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Proposed Reduction of VAT by 2% in the First Half of Next Year

The Ministry of Finance proposes to reduce VAT by 2% in the first 6 months of 2024 for some groups of goods and services that are applying the tax rate of 10% (to 8%).

The 2% VAT reduction will encourage people to buy more goods. Thereby, this policy also supports businesses to sell more goods, stimulating production and business activities to be vibrant again.

Source: tuoitre.vn

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