Gov’t extends VAT cut till June 30, 2025 The value-added tax (VAT) shall be reduced to 8 percent from 10 percent in the first six months of 2025, according to Decree No. 180/2024/ND-CP issued recently by the Government. 16:50 | 15/01/2025
VAT cuts of 2 per cent to be extended Total retail sales of consumer goods and services hit VNĐ524.6 trillion ($21.4 billion) in September, up 2.4 per cent month-by-month, indicating a recovery in demand. 08:45 | 23/10/2023
Govt' to slash VAT from 10% to 8% in 2022 Following the passing of a VNĐ350 trillion (approximately US$15 billion) economic recovery package, the Government is considering the implementation of a cut to VAT. As part of the stimulus programme, VAT for applicable goods and services will be cut down to 8 per cent in 2022 (down two per cent from the current rate), with the reduction set to begin from February. 14:27 | 18/01/2022
