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.

VOV.VN - The National Assembly Standing Committee began a three-day sitting in Hanoi on June 11, debating an early enforcement of four important laws recently passed by the National Assembly, including the Land Law, among other major issues.

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 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.

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.

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.

VOV.VN - Profits of domestic retailers hit their lowest point in the first half of this year, whilst businesses are on the right track to recovery, according to analysts.

Consumers and producers are happy to see the implementation of the 2% reduction of value-added tax (VAT) for products starting from July 1.