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Vietnam's National Assembly Considering Tax Relief Package to Support Growth and Recovery from COVID-19 — Orbitax Tax News & Alerts

The Vietnam government has submitted a tax relief package in the National Assembly that is meant to support growth and recovery from the effects of the COVID-19 pandemic. Measures of the package include:

  • Reduction in the VAT rate from 10% to 8%;
  • 50% reduction in the environmental protection tax;
  • 30% reduction in land use fees; and
  • 50% reduction in registration fees for cars assembled in Vietnam.

The package was discussed during the first extraordinary session of the 15th National Assembly on 4 January 2022. Further details on the package and its implementation will be published once available.