Gov't proposes extension of VAT cut till next year's end
The Government on Wednesday proposed the National Assembly to further extend the current value-added tax (VAT) cut policy until next year's end in support of businesses.
Vietnam imposes VAT on low-value imported goods
Goods valued under 1 million VND (39.18 USD) will no longer qualify for VAT exemption when they are imported into Vietnam via express delivery services under the Prime Minister’s recent decision.
More tax law reforms needed to address e-commerce challenges
The rapid growth of e-commerce has contributed significantly to Vietnam's economic development, but it also brought challenges, particularly in tax management.
NA Standing Committee agrees on VAT reduction until year's end
Full-time legislators on June 13 agreed to continue with the 2% value-added tax (VAT) cut for certain goods and services from July 1 to the end of the year to back the country’s socio-economic recovery and development.
Businesses and people expect VAT cut extension to be approved
People and businesses are looking forward to the Government's proposal on extending VAT reduction in the last six months being considered and approved by the National Assembly.
Government proposes extending VAT cut until year end
The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.
Bộ Tài chính đề xuất giảm thuế VAT 6 tháng cuối năm 2024
Bộ Tài chính vừa có Tờ trình gửi Quốc hội về kết quả thực hiện việc giảm 2% thuế suất thuế giá trị gia tăng theo Nghị quyết số 110/2023/QH15 ngày 29/11/2023 của Quốc hội về Kỳ họp thứ 6, Quốc hội khóa XV.
Bỏ 12 loại hàng hóa, dịch vụ không chịu thuế giá trị gia tăng
Bộ Tài chính vừa hoàn thiện dự thảo Luật Thuế giá trị gia tăng. Theo đó, dự thảo Luật đã thu hẹp các hàng hóa, dịch vụ thuộc đối tượng không chịu thuế giá trị gia tăng trong 26 nhóm. Cụ thể, bỏ 12 loại hàng hóa, dịch vụ thuộc đối tượng không chịu thuế gồm: phân bón; máy móc, thiết bị chuyên dùng phục vụ cho sản xuất nông nghiệp; tàu đánh bắt xa bờ…
Finance Ministry proposes 2% VAT cut extension until mid-2024
The Ministry of Finance has proposed to extend the 2% value-added tax (VAT) reduction until the end of June 2024, for several goods and services currently subject to a tax rate of 10%.
A 2% remission in Value - Added Tax offers more incentives to businesses
Since the first months of 2023, the Government has extended and reduced taxes and land rent to help businesses have more capital to restore production and business in the context of the economy facing difficulties. Recently, the Government has submitted to the National Assembly to continue reducing the value-added tax (VAT) by 2%, the business community thus expects to receive more support to recover shortly, contributing to economic growth in the current period.
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