VAT cut proposed for extension until late 2024
HCMC – A majority of National Assembly (NA) deputies have expressed their support for extending the value added tax (VAT) cut to boost demand and provide much-needed assistance to households and businesses at a time of economic hardships. According to the NA Office, deputies’ feedback on the VAT
NA Standing Committee turns down blanket VAT cut
HCMC – The Government’s proposal for lowering the value added tax (VAT) from 10% to 8% has been endorsed to go before the National Assembly (NA) at its next sitting, but the NA Standing Committee has declined a blanket tax reduction for all goods and services. If the NA issues a new resolution
Government approves VAT cut proposal
HCMC – The Government has approved a Ministry of Finance proposal for lowering the value added tax (VAT) from 10% to 8% to support businesses and households to cope with economic headwinds. Deputy Prime Minister Le Minh Khai has signed a Government resolution endorsing a request for drafting a