Vietnam Notifies 2% VAT Reduction till End of 2026
The Vietnam government has agreed to extend the 2% VAT reduction on specific goods and services till the end of .
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Vietnam's 2024 VAT Law and Extension of 2% VAT Reduction till June '25
Vietnam’s 2024 Law on Value-added Tax (VAT) will take effect from July 1, 2025 and the 2% reduced VAT regime is extended till end June 2025.
Official notice on 2% VAT reduction until the end of 2024
On 30 June 2024, the Vietnamese Government formally approved a 2% VAT reduction for the last six months of 2024 by issuing Decree 72/2024/ND-CP.
Tax Update: Global Minimum Tax, VAT Tax Reduction Confirmed for 2024 -
Vietnam’s National Assembly has approved a VAT tax reduction alongside a top-up tax in response to the OECD Global Minimum Tax initiative.
Draft policy for 2% VAT reduction, from the current 10% rate to 8%, in Vietnam in 2023
In April 2023 the Ministry of Finance introduced a draft policy to reduce VAT in Vietnam. Previously, the Vietnamese Government had implemented in 2022 a temporary VAT reduction, through Decree 15/2022/ND-CP (Decree 15), which reduced VAT from 10% to 8% i
The authorities approve a 2% VAT reduction on applicable goods and services starting with February 2
In 2021, the situation in Vietnam regarding the COVID-19 outbreak grew more complex and negatively affected trade and production activities across the country, resulting in slow economic growth in 2021. To support the socio-economic development recovery p
Decree 92 on exemption and reduction of taxes for enterprises and individuals impacted by COVID-19
On 27 October 2021, the Government issued Decree 92/2021/ND-CP providing detailed regulations on implementation of Resolution 406/NQ-UBTVQH15 dated 19 October 2021, regarding several measures to support enterprises and people suffering COVID-19 impacts. T
Personal Income Tax in Vietnam: Exemptions and Reductions
Vietnam Briefing highlights tax exemptions and reductions for those tax residents that are subject to personal income tax in Vietnam.
Vietnam Approves Corporate Income Tax Reduction for 2020
Vietnam approved a 30 percent corporate income tax reduction for 2020, which will help boost cash flow for businesses affected by COVID-19.
Personal income tax reductions for individuals in Vietnam for 2020
The Vietnamese Government formally released Resolution 954/2020/UBTVQH14 on 2 June 2020 to implement reductions in Personal Income Tax for Vietnamese taxpayers for the 2020 tax year, as part of the effort to stimulate the economy.
