Government greenlights VAT reduction to prop up economy
HCMC – The Government has approved the Ministry of Finance’s proposal to revise down the value-added tax (VAT) from 10% to 8% for certain goods and services this year to boost consumption and economic growth. Deputy Prime Minister Le Minh Khai assigned the Ministry of Finance and the Ministry of
VAT cut proposed to prop up economy
HCMC – The Tax Policy Department under the Ministry of Finance has proposed revising down the value-added tax (VAT) from 10% to 8% for certain goods and services to boost consumption and economic growth. The department proposed two options for the VAT reduction in a draft resolution for the