Tag: VAT
Petrol prices drop nationwide from July 1 due to VAT reduction
VOV.VN - Petrol prices across Vietnam have been reduced following the implementation of a 2% value-added tax (VAT) cut, starting July 1.
Platforms to help online sellers pay taxes from July 1
Starting July 1, e-marketplaces such as Shopee, Lazada, Tiki, and TikTok Shop will officially begin withholding and paying value-added tax (VAT) and personal income tax (PIT) on behalf of individual sellers using their platforms, as in accordance with the Government's Decree No. 117/2025/ND-CP.
National Assembly approves 2% reduction in VAT till year's end
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.
Government proposes 2-pp VAT reduction on select goods and services until 2026
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%.
NA Standing Committee discusses continued VAT reduction
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.
Constitutional amendments to be debated at NA Standing Committee session
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.
Vietnam imposes VAT on low-value imported goods
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.
What to know about major economic policies in effect this year
VOV.VN - Several important economic policies are taking effect this year, directly impacting individuals and businesses.
Vietnam to impose VAT on express-imported goods under US$40
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.
Vietnam ends tax-free status for low-value imports sent via express services
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.
