Vietnamese gov’t backs VAT cut proposal

April 19, 2023

It suggesed a 20-percent cut in the percentage of goods for VAT calculation for business establishments when issuing invoices for goods and services subject to the tax. The VAT reduction proposal is aimed at stimulating consumption, production, and business. The NA last year issued Resolution 43 including a two-percent VAT reduction for certain goods and services subject to a 10-percent tax rate. The VAT reduction proposal is aimed at stimulating consumption, production, and business. The NA last year issued Resolution 43 including a two-percent VAT reduction for certain goods and services subject to a 10-percent tax rate.

The source of this news is from Tuoi Tre News

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