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value added tax
Why does the Government propose to reduce VAT?
The National Assembly Standing Committee has just discussed the draft Resolution of the National Assembly on reducing value-added tax (VAT). According to the Government, the proposal to expand the subjects of VAT reduction aims to support increased purchasing power, stimulate consumption, domestic tourism...
The Government proposes to continue reducing value added tax until the end of 2026
The Government proposes to reduce the value added tax rate by 2% for groups of goods and services currently subject to a tax rate of 10% (to 8%), except for some groups of goods and services.
Propose online sales floor to deduct seller's tax when order is successful
The value added tax and personal income tax of sellers on e-commerce platforms are expected to be deducted as soon as the order is successfully confirmed and the buyer pays.
From February 18, what will happen to the price of imported goods under 1 million VND?
Imported goods worth less than 1 million VND via express delivery will no longer be exempt from import tax and value added tax.
Imported goods under 1 million VND sent via express delivery will not be exempt from tax.
The policy of exempting import tax and value added tax for imported goods sent via express delivery service with a value of 1 million VND or less is no longer suitable.
Officially reduce VAT by 2% in the first 6 months of the year
In the first 6 months of 2025, value added tax (VAT) will be reduced by 2% for a number of groups of goods and services currently subject to a tax rate of 10%.
4 business tax changes from 2025
Business taxes will change a lot from 2025 onwards, such as e-commerce platforms paying taxes on behalf of sellers and value-added tax policies.
6,339 more business households in Hai Duong do not have to pay value added tax
Hai Duong has 6,339 more business households that do not have to pay value added tax (VAT) due to the revenue threshold of less than 200 million VND per year.
Submit to the National Assembly for consideration of reducing value added tax
The Standing Committee of the National Assembly agreed to submit to the National Assembly for consideration the decision to reduce value added tax.
The National Assembly discussed the draft Law on Public Investment and the revised Law on Value Added Tax.
Continuing the 8th Session, today, the National Assembly discussed in the hall the draft Law on Public Investment and the revised Law on Value Added Tax.
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