Vietnam to Extend VAT Rate Reduction and Tax Payment Deadlines in 2024

Vietnam's Ministry of Finance has completed a draft resolution for a further reduction in the VAT rate from 10% to 8% for a number of goods and services in the second half of 2024. The reduction is similar to the prior VAT reduction, the most recent of which applies from 1 January 2024 to 30 June 2024. The reduction generally applies for goods and services normally subject to the standard 10% V…
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