Vietnam: Draft decree on VAT reduction policy
The VAT rate applicable to goods and services subject to 10% VAT rate generally would be reduced to 8%
Draft decree on VAT reduction policy
The Ministry of Finance submitted to the government a draft decree on the value added tax (VAT) reduction policy.
Under the policy, the VAT rate applicable to goods and services subject to the 10% VAT rate generally would be reduced by 2%, to 8%.
The draft decree is proposed to become effective 1 July 2023.
Read a June 2023 report [PDF 152 KB] prepared by the KPMG member firm in Vietnam
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