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.

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

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 - Members of the National Assembly Standing Committee on June 13 agreed with the Government’s proposal to extend the policy of reducing the value added tax (VAT) from 10% to 8% till the end of the year as opposed to the end of June.

The Ministry of Justice held a meeting to appraise the draft resolution of the National Assembly on VAT reduction, which was chaired by Deputy Minister Tran Tien Dung.

The value-added tax (VAT) for most of goods and services will be cut by 2% from January 1, 2024.

The Ministry of Finance (MoF) plans to implement several policies to support the business sector and people, and promote the country's economic growth in 2024, according to Minister Ho Duc Phoc.

VOV.VN - The National Assembly on November 19 approved a resolution to extend the ongoing policy of reducing the value added tax (VAT) on selected lines of products and services from 10% to 8% for another six months till June 30, 2024.