VOV.VN - With 452 out of 453 votes in favor, the National Assembly approved a resolution to reduce the Value-Added Tax (VAT) rate by 2% till the end of the year, at its ongoing session in Hanoi on June 17.

The Government has proposed a 2-percentage-point reduction in the value-added tax (VAT) for goods and services currently taxed at 10%, lowering the rate to 8%.

The National Assembly (NA) Standing Committee discussed a draft resolution regarding the continued reduction of value-added tax (VAT) for the latter half of 2025 and entire 2026 at its 44th session on April 23.

VOV.VN - The Standing Committee of the National Assembly is scheduled to convene its 44th session in Hanoi from April 14 to 28, focusing on law-making, including Constitutional amendments, according to the Office of the National Assembly.

Goods valued under VND1 million (US$39.18) will no longer qualify for VAT exemption when they are imported into Vietnam via express delivery services under the Prime Minister’s recent decision.

VOV.VN - Several important economic policies are taking effect this year, directly impacting individuals and businesses.

Starting February 18, the value-added tax (VAT) exemption for imported goods valued under VND1 million (approximately US$40) sent via express delivery will officially be discontinued.

From February 18, 2025, Vietnam will end import duty and VAT exemptions for goods valued under VND1 million(US$40) sent via express delivery, under a new government directive.

Starting on January 1, significant economic policies will come into effect, including regulations on contract-based passenger transport businesses, a six-month reduction in value-added tax (VAT), amendments to the 2019 Law on Tax Administration.

VOV.VN - Deputies to the National Assembly on June 29 approved a resolution extending the existing VAT reduction policy for another six months till the end of 2024.