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Vietnam Seeks Extension of VAT Rate Reduction for Q3, Q4 Beyond June 30 Deadline

  • Vietnamese Government proposed extending 2 percent VAT rate reduction for specified goods and services to Dec. 31
  • Reduction does not apply to telecommunications, financial or banking activities, securities, insurance, real estate sales, metal, precast metal products, refined oil, chemical products, goods and services subject to excise tax, and mining products other than coal.

Source: news.bloombergtax.com

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.

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