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VAT reduction
Update news VAT reduction
VAT drop can have "dual effect" to stimulate VN's economic growth and curb inflation
According to several economic experts, this tax reduction is anticipated to help reduce service costs, thereby stimulating consumption, promoting production and business, whilst also creating additional jobs for workers.
Firms failing to reduce VAT to face sanctions
Enterprises which deliberately delay the reduction of the value added tax (VAT) from 10% to 8% will face heavy sanctions, according to the General Department of Taxation.
Government urged to reduce VAT to stimulate economy
The world economy is speeding up while Vietnam’s growth is slowing down. Economists believe that the VAT (value added tax) should be reduced to stimulate demand, because it could result in immediate benefits.
VAT reduction hoped to warm up real estate market
The decision by the Ministry of Finance on cutting down the VAT rate by 50 percent on commercial apartment projects has made buyers excited. However, sellers don’t feel happy about the new regulation because of the VAT refund problems.
NA discusses cap on advertising, VAT reduction
VietNamNet Bridge – Delegates at the ongoing fifth session of the 13th National Assembly on May 21 debated on the draft amendments of business income tax and Value Added Tax (VAT),
