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Vietnam’s ministry proposes 2% VAT reduction from Jul 2025 to 2026 end
Vietnam’ finance ministry has sought public comments on a draft resolution proposing a 2-per cent VAT reduction to stimulate consumption, back businesses and promote growth. The proposal suggests extending the 2-per cent VAT reduction from July 1, 2025, till the 2026 end for goods and services taxed now at 10 per cent, lowering them to 8 per cent. However, a few key sectors would be excluded.
Vietnam’ finance ministry has sought public comments on a draft resolution proposing a 2-per cent VAT reduction to stimulate consumption, back businesses and promote growth.
The proposal suggests extending the 2-per cent VAT reduction from July 1, 2025, till the 2026 end for goods and services taxed now at 10 per cent, lowering them to 8 per cent.
However, a few key sectors would be excluded.
