Previously, the National Assembly passed Resolution No. 110/2023/QH15, temporarily reducing value added tax (VAT) by 2% for some groups of goods currently subject to a tax rate of 10% (excluding some products and services) for an additional 6 months (from January 1, 2024 to June 30, 2024). Based on the assessment of the outcome achieved by the 2% VAT reduction solution in Resolution No. 110/2023/QH15, the Government submits to the National Assembly for consideration and permission to continue implementing the 2% VAT reduction policy in the last 6 months of 2024 (from July 1, 2024 to December 31, 2024) Regarding the implementation,...
