Resolution 101/2023/QH15 allows the Vietnamese Government to manage the VAT reduction in a timely manner and guarantee that there will be no negative impact on the State budget collection and overpayment.
From 1 July to 31 December 2023, Decree No. 44/2023/ND-CP will be in effect. Goods and services currently subject to the 10% VAT rate will be subject to the reduced rate of 8%. However, the reduced VAT rate of 8% will not apply to the supply of certain goods and services, including:
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