VATupdate

Vietnam: Extension of Temporary 8% Standard VAT Rate Reduction until December 31, 2024

Pursuant to Decree 72/2024/ND-CP as published on June 30, 2024, supplies of goods and services subject to the standard 10% VAT rate will continue to apply the temporary 8% standard VAT rate until December 31, 2024. The 2% VAT rate reduction, which...

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