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Vietnam considers VAT reduction to 8 pct to boost economy

april 11, 2023by Reacties uitgeschakeld voor Vietnam considers VAT reduction to 8 pct to boost economy

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HANOI, April 11 (Xinhua) — Vietnam is considering lowering value-added tax (VAT) from 10 percent to 8 percent for a number of goods and services to boost the economy, local media reported on Tuesday.

One of two options considered is slashing 2 percent off the current 10 percent VAT on a number of goods and services, local newspaper Vietnam News reported, citing the Ministry of Finance’s tax department.

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