Vietnam’s National Assembly ratifies continued VAT cuts till 2026
Vietnam’s National Assembly has passed a resolution to hold a 2-per cent VAT rate reduction for most goods and services subject to a 10-per cent rate. The resolution will be effective from July 1 to December 31, 2026. The aim is to stimulate economic recovery, ease the burden on businesses and maintain momentum for growth and digital transformation. Certain sectors are excluded from the tax cut.
Vietnam’s National Assembly has passed a resolution to hold a 2-per cent VAT rate reduction for most goods and services subject to a 10-per cent rate.
The resolution will be effective from July 1 to December 31, 2026.
The aim is to stimulate economic recovery, ease the burden on businesses and maintain momentum for growth and digital transformation.
Certain sectors are excluded from the tax cut.
