26.07.2022

Vietnam: VAT rate reductions

The regular VAT rate of 10% is reduced to 8% from 1 February 2022 until the end of 2022. The rate for the following services has not been reduced:

Telecommunications, financial activities, banking activities, securities, insurance, trading of real estate, metal and precast metal products, mining products (excluding coal mining), coke mining, refined oil, chemical products.
Goods and services subject to excise tax.
Information technology as prescribed in the law on information technology.

Read the WTS Global VAT Newsletter here

Article published in WTS Global VAT Newsletter #2/2022

Recent or expected changes in VAT and GST regulations and compliance duties in various EU and third countries

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Newsletter Global VAT

The Global VAT Newsletter focuses on changes in compliance duties in various EU and non-EU countries.

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