Tag: VAT reduction
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.
VAT to be slashed from 10% to 8%
VOV.VN - The government has agreed in principle to reduce the value added tax (VAT) by 2% to 8%.
Ministry proposes VAT reduction to 8% to boost economy
The Ministry of Finance has recently put forward a proposal to the government to bring down value-added tax (VAT) from 10% to 8% for a number of goods and services to boost the economy.
VAT reduction helps economic recovery
Reducing the VAT (value added tax) by 2% has been the most practical solution to stimulate consumption and production.
Vietnam speeds up disbursement of economic recovery package
Vietnam will soon disburse at least 50% of the VND350 trillion (US$15.42 billion) economic recovery package, the largest in its history, aiming to reboot the country’s economy after a long period of social and mobility restrictions due to the COVID-19 pandemic.
VAT drop can have "dual effect" to stimulate economic growth and curb inflation
VOV.VN - To control the CPI growth rate at approximately 4% in 2022 according to the target set by the National Assembly the price management should continue to be implemented flexibly from the first months of the year to remove difficulties for production and business activities, and people's life.
WB optimistic about prospects for Vietnamese economic recovery
VOV.VN - Despite Vietnam facing challenges in restarting its economy following a prolonged lockdown, positive dynamics observed in October would suggest continued pickup and strengthening of growth in coming months, according to the World Bank.
