- Vietnam will extend the temporary two percentage point reduction in value-added tax rate into the first half of 2025
- The reduced rate will be 8 percent instead of the standard 10 percent
- The lowered rate does not apply to certain industries such as telecommunications, financial services, and real estate trading.
Source: answerconnect.cch.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.
