Tag: VAT cut
Government proposes extending VAT cut until year end
The Government has proposed extending the cut in value-added tax (VAT) from 10% to 8% on specific groups of goods and services from July 1 until the end of the year to support business and production activities.
Government proposes continued VAT cut in 2024 to stimulate consumption
VOV.VN - The Government has requested that the National Assembly extend the value added tax (VAT) cut on a selected number of product and service lines next year in an attempt to support business operations and fuel further market consumption amid economic difficulties.
Value added tax to be cut by 2% from July 1
The Government on June 30 issued Decree No. 44/2023/ND-CP on reducing the value added tax (VAT) in line with the National Assembly’s Resolution No. 101/2023/QH15 dated on June 24, 2023.
2% VAT cut proposal gets the go-ahead
VOV.VN - Lawmakers on June 24 approved a resolution on the reduction of the value added tax (VAT) by 2% within six months in an attempt to reboot the economy and stimulate consumption.
National Assembly to pass key bills and resolutions this week
VOV.VN - Deputies to the National Assembly resumed their mid-year session in Hanoi on June 20 after a week-long break, focusing on legislation.
2% VAT cut proposal submitted to National Assembly
VOV.VN - Minister of Finance Ho Duc Phoc, on behalf of the government, presented a revised proposal concerning a 2% value added tax to 8% at the ongoing session of the National Assembly in Hanoi on May 24.
Key lawmakers okay VAT cuts on selected goods and services
VOV.VN - Most members of the National Assembly Standing Committee in their meeting on May 13 agreed with the Government’s proposal to slash the value added tax (VAT) by 2% to 8% but on selected provisions of goods and services.
Lawmakers to consider Government’s VAT cut proposal in May
VOV.VN - The government is drafting a National Assembly resolution on slashing the value added tax to 8% from the current 10% to support businesses and people.
